Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Home Bancshares Inc shares valued at $503,739 were sold by Davis Brian on Apr 25 ’24. At $24.52 per share, Davis Brian sold 20,544 shares. The insider’s holdings dropped to 89,192 shares worth approximately $2.19 million following the completion of this transaction.
Also, Townsell Donna sold 22,729 shares, netting a total of over 540,041 in proceeds. Following the sale of shares at $23.76 each, the insider now holds 215,854 shares.
Before that, ALLISON JOHN W had added 20,000 shares to its account. In a trade valued at $454,824, the Chairman & CEO bought Home Bancshares Inc shares for $22.74 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $135.1 million.
As published in their initiating research note from Citigroup on December 01, 2023, Home Bancshares Inc [HOMB] has been a Neutral and the price target has been revised to $23. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid December. As of July 16, 2021, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for HOMB. Earlier on April 17, 2020, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for HOMB stock which previously was a “a Mkt perform”.
Analyzing HOMB Stock Performance
During the last five days, there has been a surge of approximately 5.60%. Over the course of the year, Home Bancshares Inc shares have dropped approximately -3.20%. Shares of the company reached a 52-week high of $25.56 on 01/02/24 and a 52-week low of $22.38 on 04/16/24. A 50-day SMA is recorded $23.63, while a 200-day SMA reached $23.01. Nevertheless, trading volume fell to 0.82 million shares from 1.05 million shares the previous day.
Support And Resistance Levels for Home Bancshares Inc (HOMB)
According to the 24-hour chart, there is a support level at 24.32, which, if violated, would cause prices to drop to 24.12. In the upper region, resistance lies at 24.69. The next price resistance is at 24.86. RSI (Relative Strength Index) is 59.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.06, which suggests the price will increase in the coming days. Percent R is at 14.40%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
