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Potential Price Increase for Stifel Financial Corp. (SF) After Recent Insider Activity

In a filing, Stifel Financial Corp. revealed its Chief Operating Officer SLINEY DAVID D unloaded Company’s shares for reported $0.28 million on Mar 15 ’24. In the deal valued at $74.01 per share,3,795 shares were sold. As a result of this transaction, SLINEY DAVID D now holds 184,619 shares worth roughly $14.92 million.

Then, SLINEY DAVID D sold 17,000 shares, generating $1,272,110 in total proceeds. Upon selling the shares at $74.83, the Chief Operating Officer now owns 189,714 shares.

Before that, Michaud Thomas B. sold 25,421 shares. Stifel Financial Corp. shares valued at $1,887,763 were divested by the Senior Vice President at a price of $74.26 per share. As a result of the transaction, Michaud Thomas B. now holds 90,055 shares, worth roughly $7.28 million.

TD Cowen initiated its Stifel Financial Corp. [SF] rating to an Outperform in a research note published on January 04, 2024; the price target was $83. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late November with a ‘”a Neutral”‘ rating. Citigroup began covering SF with “Neutral” recommendation on October 12, 2022. Wolfe Research revised its rating on June 23, 2021. It rated SF as “an Outperform” which previously was an “an Underperform”.

Price Performance Review of SF

On Monday, Stifel Financial Corp. [NYSE:SF] saw its stock jump 2.20% to $80.79. Over the last five days, the stock has gained 4.58%. Stifel Financial Corp. shares have risen nearly 16.83% since the year began. Nevertheless, the stocks have risen 34.72% over the past one year. While a 52-week high of $79.40 was reached on 04/29/24, a 52-week low of $54.81 was recorded on 01/03/24. SMA at 50 days reached $76.04, while 200 days put it at $67.49. A total of 1.02 million shares were traded, compared to the trading of 0.79 million shares in the previous session.

Levels Of Support And Resistance For SF Stock

The 24-hour chart illustrates a support level at 79.76, which if violated will result in even more drops to 78.73. On the upside, there is a resistance level at 81.34. A further resistance level may holdings at 81.89. The Relative Strength Index (RSI) on the 14-day chart is 72.10, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.95%. Stochastics %K at 93.51% indicates the stock is a selling.

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