Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Home Bancshares Inc shares valued at $57,228 were sold by FLOYD JENNIFER C. on Apr 26 ’24. At $24.53 per share, FLOYD JENNIFER C. sold 2,333 shares. The insider’s holdings dropped to 1,000 shares worth approximately $24800.0 following the completion of this transaction.
Also, Davis Brian sold 20,544 shares, netting a total of over 503,739 in proceeds. Following the sale of shares at $24.52 each, the insider now holds 89,192 shares.
Before that, Townsell Donna had sold 22,729 shares from its account. In a trade valued at $540,041, the Director of Investor Relations traded Home Bancshares Inc shares for $23.76 each. Upon closing the transaction, the insider’s holdings decreased to 22,729 shares, worth approximately $5.35 million.
As published in their initiating research note from Citigroup on December 01, 2023, Home Bancshares Inc [HOMB] has been a Neutral and the price target has been revised to $23. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid December. As of July 16, 2021, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for HOMB. Earlier on April 17, 2020, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for HOMB stock which previously was a “a Mkt perform”.
Analyzing HOMB Stock Performance
During the last five days, there has been a surge of approximately 1.60%. Over the course of the year, Home Bancshares Inc shares have dropped approximately -2.09%. Shares of the company reached a 52-week high of $25.56 on 01/02/24 and a 52-week low of $22.38 on 04/16/24. A 50-day SMA is recorded $23.82, while a 200-day SMA reached $23.04. Nevertheless, trading volume fell to 0.82 million shares from 1.28 million shares the previous day.
Support And Resistance Levels for Home Bancshares Inc (HOMB)
According to the 24-hour chart, there is a support level at 24.60, which, if violated, would cause prices to drop to 24.39. In the upper region, resistance lies at 24.91. The next price resistance is at 25.01. RSI (Relative Strength Index) is 59.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 18.25%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
