First Merchants Corp.’s filing revealed that its President Stewart Michael J acquired Company’s shares for reported $1068.0 on Mar 29 ’24. In the deal valued at $29.67 per share,36 shares were bought. As a result of this transaction, Stewart Michael J now holds 88,952 shares worth roughly $3.02 million.
Then, FLUHLER STEPHAN sold 3,193 shares, generating $105,912 in total proceeds. Upon selling the shares at $33.17, the Chief Information Officer now owns 24,070 shares.
Before that, Fehring Patrick J. sold 9,904 shares. First Merchants Corp. shares valued at $327,624 were divested by the Director at a price of $33.08 per share. As a result of the transaction, Fehring Patrick J. now holds 122,057 shares, worth roughly $4.15 million.
Raymond James downgraded its First Merchants Corp. [FRME] rating to an Outperform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early July from “an Outperform” to “a Strong buy”. Hovde Group also remained covering FRME and has increased its forecast on December 13, 2021 with a “an Outperform” recommendation from previously “Market perform” rating. Janney revised its rating on July 29, 2021. It rated FRME as “a Buy” which previously was an “a Neutral”.
Price Performance Review of FRME
On Monday, First Merchants Corp. [NASDAQ:FRME] saw its stock fall -0.23% to $33.99. Over the last five days, the stock has gained 3.44%. First Merchants Corp. shares have fallen nearly -8.33% since the year began. Nevertheless, the stocks have risen 12.18% over the past one year. While a 52-week high of $38.16 was reached on 01/02/24, a 52-week low of $24.52 was recorded on 03/01/24. SMA at 50 days reached $33.70, while 200 days put it at $31.92. A total of 0.57 million shares were traded, compared to the trading of 0.31 million shares in the previous session.
Levels Of Support And Resistance For FRME Stock
The 24-hour chart illustrates a support level at 33.71, which if violated will result in even more drops to 33.43. On the upside, there is a resistance level at 34.30. A further resistance level may holdings at 34.61. The Relative Strength Index (RSI) on the 14-day chart is 53.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.12%. Stochastics %K at 56.66% indicates the stock is a holding.
