In a filing, First Bancorp PR revealed its EVP Power Carlos unloaded Company’s shares for reported $95054.0 on May 28 ’24. In the deal valued at $18.01 per share,5,277 shares were sold. As a result of this transaction, Power Carlos now holds 255,236 shares worth roughly $4.6 million.
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Then, Berges Gonzalez Orlando sold 75,000 shares, generating $1,343,902 in total proceeds. Upon selling the shares at $17.92, the EVP and CFO now owns 277,020 shares.
Before that, LUZ CRESPO sold 10,000 shares. First Bancorp PR shares valued at $164,668 were divested by the Director at a price of $16.47 per share. As a result of the transaction, LUZ CRESPO now holds 50,055 shares, worth roughly $0.9 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 jump 3.09% to $18.02. Over the last five days, the stock has gained 5.26%. First Bancorp PR shares have risen nearly 9.54% since the year began. Nevertheless, the stocks have risen 48.31% over the past one year. While a 52-week high of $18.62 was reached on 05/15/24, a 52-week low of $11.80 was recorded on 01/17/24. SMA at 50 days reached $17.53, while 200 days put it at $16.02. A total of 1.17 million shares were traded, compared to the trading of 1.12 million shares in the previous session.
Levels Of Support And Resistance For FBP Stock
The 24-hour chart illustrates a support level at 17.69, which if violated will result in even more drops to 17.35. On the upside, there is a resistance level at 18.21. A further resistance level may holdings at 18.39. The Relative Strength Index (RSI) on the 14-day chart is 59.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.12%. Stochastics %K at 81.08% indicates the stock is a selling.
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