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A company insider recently sold 13,923 shares of Pinnacle Financial Partners Inc. [PNFP]. Should You also Consider to Sale?

In a filing, Pinnacle Financial Partners Inc. revealed its Chairman-Carolinas & Virginia CALLICUTT RICHARD D II unloaded Company’s shares for reported $1.13 million on Apr 26 ’24. In the deal valued at $81.50 per share,13,923 shares were sold. As a result of this transaction, CALLICUTT RICHARD D II now holds 83,303 shares worth roughly $6.39 million.

Then, MCCABE ROBERT A JR sold 115,249 shares, generating $9,340,032 in total proceeds. Upon selling the shares at $81.04, the CHAIRMAN now owns 153,062 shares.

Before that, TURNER M TERRY sold 72,000 shares. Pinnacle Financial Partners Inc. shares valued at $5,830,153 were divested by the CEO at a price of $80.97 per share. As a result of the transaction, TURNER M TERRY now holds 222,790 shares, worth roughly $17.09 million.

Hovde Group reiterated its Pinnacle Financial Partners Inc. [PNFP] rating to an Outperform in a research note published on April 23, 2024; the price target was $99. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. Citigroup began covering PNFP with “Buy” recommendation on December 01, 2023. Jefferies revised its rating on October 10, 2023. It rated PNFP as “a Hold” which previously was an “an Underperform”.

Price Performance Review of PNFP

On Tuesday, Pinnacle Financial Partners Inc. [NASDAQ:PNFP] saw its stock fall -3.35% to $76.70. Over the last five days, the stock has lost -5.70%. Pinnacle Financial Partners Inc. shares have fallen nearly -12.06% since the year began. Nevertheless, the stocks have risen 41.43% over the past one year. While a 52-week high of $92.33 was reached on 01/30/24, a 52-week low of $43.31 was recorded on 04/30/24. SMA at 50 days reached $81.93, while 200 days put it at $75.95. A total of 0.62 million shares were traded, compared to the trading of 0.41 million shares in the previous session.

Levels Of Support And Resistance For PNFP Stock

The 24-hour chart illustrates a support level at 75.68, which if violated will result in even more drops to 74.66. On the upside, there is a resistance level at 78.28. A further resistance level may holdings at 79.85. The Relative Strength Index (RSI) on the 14-day chart is 36.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.06%. Stochastics %K at 22.13% indicates the stock is a holding.

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