In a filing, First Bancorp PR revealed its EVP and CFO Berges Gonzalez Orlando unloaded Company’s shares for reported $1.34 million on May 01 ’24. In the deal valued at $17.92 per share,75,000 shares were sold. As a result of this transaction, Berges Gonzalez Orlando now holds 277,020 shares worth roughly $5.0 million.
Then, LUZ CRESPO sold 10,000 shares, generating $164,668 in total proceeds. Upon selling the shares at $16.47, the Director now owns 50,055 shares.
Before that, ALEMAN AURELIO sold 50,000 shares. First Bancorp PR shares valued at $858,295 were divested by the President and CEO at a price of $17.17 per share. As a result of the transaction, ALEMAN AURELIO now holds 1,126,325 shares, worth roughly $20.32 million.
Wells Fargo downgraded its First Bancorp PR [FBP] rating to an Equal weight from a an Overweight in a research note published on December 15, 2022; the price target was decreased to $14 from $17. Hovde Group began covering FBP with “an Outperform” recommendation on December 20, 2021. Wells Fargo started covering the stock on November 09, 2021. It rated FBP as “an Overweight”.
Price Performance Review of FBP
On Monday, First Bancorp PR [NYSE:FBP] saw its stock fall -0.22% to $18.04. Over the last five days, the stock has gained 3.32%. First Bancorp PR shares have risen nearly 9.67% since the year began. Nevertheless, the stocks have risen 67.66% over the past one year. While a 52-week high of $18.32 was reached on 05/03/24, a 52-week low of $10.18 was recorded on 01/17/24. SMA at 50 days reached $17.07, while 200 days put it at $15.48. A total of 0.75 million shares were traded, compared to the trading of 0.75 million shares in the previous session.
Levels Of Support And Resistance For FBP Stock
The 24-hour chart illustrates a support level at 17.91, which if violated will result in even more drops to 17.78. On the upside, there is a resistance level at 18.23. A further resistance level may holdings at 18.41. The Relative Strength Index (RSI) on the 14-day chart is 63.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.53%. Stochastics %K at 90.32% indicates the stock is a selling.
