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A company insider recently sold 25,000 shares of First Foundation Inc [FFWM]. Should You also Consider to Sale?

In a filing, First Foundation Inc revealed its Chairman KELLER ULRICH E. JR unloaded Company’s shares for reported $0.2 million on Feb 29 ’24. In the deal valued at $8.16 per share,25,000 shares were sold. As a result of this transaction, KELLER ULRICH E. JR now holds 1,230,622 shares worth roughly $8.09 million.

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Then, KELLER ULRICH E. JR sold 30,000 shares, generating $266,940 in total proceeds. Upon selling the shares at $8.90, the Chairman now owns 215,000 shares.

Raymond James upgraded its First Foundation Inc [FFWM] rating to a Strong buy from a an Outperform in a research note published on January 05, 2024; the price target was increased to $12 from $9.50. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Neutral”. Piper Sandler also remained covering FFWM and has decreased its forecast on February 03, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. DA Davidson revised its rating on October 26, 2022. It rated FFWM as “a Neutral” which previously was an “a Buy”.

Price Performance Review of FFWM

On Tuesday, First Foundation Inc [NYSE:FFWM] saw its stock jump 1.55% to $6.57. Over the last five days, the stock has gained 24.20%. First Foundation Inc shares have fallen nearly -32.13% since the year began. Nevertheless, the stocks have risen 65.49% over the past one year. While a 52-week high of $11.47 was reached on 01/25/24, a 52-week low of $3.69 was recorded on 06/26/24. SMA at 50 days reached $5.91, while 200 days put it at $6.99. A total of 0.34 million shares were traded, compared to the trading of 1.41 million shares in the previous session.

Levels Of Support And Resistance For FFWM Stock

The 24-hour chart illustrates a support level at 6.42, which if violated will result in even more drops to 6.27. On the upside, there is a resistance level at 6.68. A further resistance level may holdings at 6.79. The Relative Strength Index (RSI) on the 14-day chart is 62.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.48%. Stochastics%K at 91.78% indicates the stock is a selling.

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