Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Financial Bancorp shares valued at $340,283 were sold by BARRON WILLIAM G on Dec 19 ’23. At $23.94 per share, BARRON WILLIAM G sold 14,214 shares. The insider’s holdings dropped to 74,280 shares worth approximately $1.69 million following the completion of this transaction.
Also, Dennen Richard S sold 11,640 shares, netting a total of over 250,607 in proceeds. Following the sale of shares at $21.53 each, the insider now holds 90,350 shares.
Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early July. As of March 03, 2021, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for FFBC. Earlier on February 01, 2021, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for FFBC stock which previously was a “a Neutral”.
Analyzing FFBC Stock Performance
During the last five days, there has been a surge of approximately 0.62%. Over the course of the year, First Financial Bancorp shares have dropped approximately -4.46%. Shares of the company reached a 52-week high of $24.09 on 01/02/24 and a 52-week low of $20.68 on 04/16/24. A 50-day SMA is recorded $21.76, while a 200-day SMA reached $21.50. Nevertheless, trading volume fell to 0.43 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for First Financial Bancorp (FFBC)
According to the 24-hour chart, there is a support level at 22.28, which, if violated, would cause prices to drop to 21.87. In the upper region, resistance lies at 23.03. The next price resistance is at 23.37. RSI (Relative Strength Index) is 60.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.51, which suggests the price will decrease in the coming days. Percent R is at 11.84%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
