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FirstCash Holdings Inc (FCFS) gets rating Upgrade from Loop Capital

FirstCash Holdings Inc’s recent filing unveils that its EVP & Chief Financial Officer ORR R DOUGLAS unloaded Company’s shares for reported $0.47 million on May 06 ’24. In the deal valued at $116.55 per share,4,000 shares were sold. As a result of this transaction, ORR R DOUGLAS now holds 44,728 shares worth roughly $5.32 million.

Then, ORR R DOUGLAS sold 2,000 shares, generating $233,060 in total proceeds. Upon selling the shares at $116.53, the EVP & Chief Financial Officer now owns 92,715 shares.

Before that, Rippel Douglas Richard sold 17,395 shares. FirstCash Holdings Inc shares valued at $2,065,308 were divested by the Director at a price of $118.73 per share. As a result of the transaction, Rippel Douglas Richard now holds 5,466,973 shares, worth roughly $650.68 million.

Loop Capital upgraded its FirstCash Holdings Inc [FCFS] rating to a Buy from a a Hold in a research note published on April 29, 2024; the price target was increased to $140 from $125. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early April from “a Hold” to “a Buy”. TD Cowen began covering FCFS with “Market perform” recommendation on November 01, 2023. Stephens revised its rating on January 05, 2023. It rated FCFS as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of FCFS

On Tuesday, FirstCash Holdings Inc [NASDAQ:FCFS] saw its stock jump 2.07% to $119.02. Over the last five days, the stock has gained 5.35%. FirstCash Holdings Inc shares have risen nearly 9.81% since the year began. Nevertheless, the stocks have risen 13.57% over the past one year. While a 52-week high of $133.64 was reached on 04/24/24, a 52-week low of $88.05 was recorded on 01/04/24. SMA at 50 days reached $121.65, while 200 days put it at $109.30. A total of 0.24 million shares were traded, compared to the trading of 0.29 million shares in the previous session.

Levels Of Support And Resistance For FCFS Stock

The 24-hour chart illustrates a support level at 117.27, which if violated will result in even more drops to 115.51. On the upside, there is a resistance level at 120.12. A further resistance level may holdings at 121.21. The Relative Strength Index (RSI) on the 14-day chart is 45.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.31%. Stochastics %K at 24.89% indicates the stock is a holding.

The most recent change occurred on December 14, 2022 when Credit Suisse began covering the stock and recommended ‘”a Neutral”‘ rating along with a $88 price target.

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