Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Bancorp PR shares valued at $164,668 were sold by LUZ CRESPO on Mar 15 ’24. At $16.47 per share, LUZ CRESPO sold 10,000 shares. The insider’s holdings dropped to 50,055 shares worth approximately $0.88 million following the completion of this transaction.
Also, ALEMAN AURELIO sold 50,000 shares, netting a total of over 858,295 in proceeds. Following the sale of shares at $17.17 each, the insider now holds 1,126,325 shares.
Before that, RIVERA NAYDA had sold 15,000 shares from its account. In a trade valued at $256,800, the EVP and CRO traded First Bancorp PR shares for $17.12 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $4.34 million.
As published in a research note from Wells Fargo on December 15, 2022, First Bancorp PR [FBP] has been rated down from an Overweight to an Equal weight and the price target has been revised to $14 from $17. As of December 20, 2021, Hovde Group has initiated its “an Outperform” rating for FBP. Earlier on November 09, 2021, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for FBP stock.
Analyzing FBP Stock Performance
During the last five days, there has been a surge of approximately 6.93%. Over the course of the year, First Bancorp PR shares have jumped approximately 6.87%. Shares of the company reached a 52-week high of $17.74 on 04/24/24 and a 52-week low of $15.15 on 01/17/24. A 50-day SMA is recorded $16.92, while a 200-day SMA reached $15.33. Nevertheless, trading volume fell to 1.11 million shares from 1.38 million shares the previous day.
Support And Resistance Levels for First Bancorp PR (FBP)
According to the 24-hour chart, there is a support level at 17.33, which, if violated, would cause prices to drop to 17.09. In the upper region, resistance lies at 17.74. The next price resistance is at 17.91. RSI (Relative Strength Index) is 60.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.53, which suggests the price will decrease in the coming days. Percent R is at 10.74%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
