In a filing, Simmons First National Corp. revealed its Director Shoptaw Robert L acquired Company’s shares for reported $0.14 million on Oct 30 ’23. In the deal valued at $14.34 per share,10,000 shares were bought. As a result of this transaction, Shoptaw Robert L now holds 77,724 shares worth roughly $1.36 million.
Then, Massanelli Stephen C bought 2,000 shares, generating $28,300 in total proceeds. Upon buying the shares at $14.15, the SEVP now owns 80,829 shares.
Before that, Bass Dean O. sold 30,000 shares. Simmons First National Corp. shares valued at $593,400 were divested by the Director at a price of $19.78 per share. As a result of the transaction, Bass Dean O. now holds 104,377 shares, worth roughly $1.83 million.
Piper Sandler downgraded its Simmons First National Corp. [SFNC] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Mkt perform”. Raymond James also remained covering SFNC and has increased its forecast on June 17, 2020 with a “an Outperform” recommendation from previously “Mkt perform” rating. Piper Sandler revised its rating on January 24, 2020. It rated SFNC as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of SFNC
On Tuesday, Simmons First National Corp. [NASDAQ:SFNC] saw its stock fall -1.80% to $17.49. Over the last five days, the stock has lost -10.22%. Simmons First National Corp. shares have fallen nearly -11.84% since the year began. Nevertheless, the stocks have risen 5.49% over the past one year. While a 52-week high of $20.82 was reached on 01/26/24, a 52-week low of $13.36 was recorded on 02/07/24. SMA at 50 days reached $18.73, while 200 days put it at $17.93. A total of 0.31 million shares were traded, compared to the trading of 0.41 million shares in the previous session.
Levels Of Support And Resistance For SFNC Stock
The 24-hour chart illustrates a support level at 17.38, which if violated will result in even more drops to 17.26. On the upside, there is a resistance level at 17.72. A further resistance level may holdings at 17.94. The Relative Strength Index (RSI) on the 14-day chart is 35.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 12.74% indicates the stock is a buying.
