Hope Bancorp Inc’s recently made public that its Director Koh Steven unloaded Company’s shares for reported $0.31 million on Jun 12 ’24. In the deal valued at $10.18 per share,30,543 shares were sold. As a result of this transaction, Koh Steven now holds 3,263,643 shares worth roughly $34.95 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Koh Steven sold 3,857 shares, generating $38,342 in total proceeds. Upon selling the shares at $9.94, the Director now owns 3,294,186 shares.
Before that, Harris Angelee sold 4,200 shares. Hope Bancorp Inc shares valued at $44,856 were divested by the EVP, General Counsel at a price of $10.68 per share. As a result of the transaction, Harris Angelee now holds 18,527 shares, worth roughly $0.2 million.
DA Davidson upgraded its Hope Bancorp Inc [HOPE] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Neutral”. DA Davidson also remained covering HOPE and has increased its forecast on November 15, 2021 with a “Buy” recommendation from previously “Neutral” rating. Raymond James revised its rating on November 02, 2017. It rated HOPE as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of HOPE
On Tuesday, Hope Bancorp Inc [NASDAQ:HOPE] saw its stock jump 0.75% to $10.71. Over the last five days, the stock has gained 4.79%. Hope Bancorp Inc shares have fallen nearly -11.34% since the year began. Nevertheless, the stocks have risen 27.20% over the past one year. While a 52-week high of $12.51 was reached on 01/02/24, a 52-week low of $8.14 was recorded on 06/11/24. SMA at 50 days reached $10.48, while 200 days put it at $10.47. A total of 0.41 million shares were traded, compared to the trading of 1.23 million shares in the previous session.
Levels Of Support And Resistance For HOPE Stock
The 24-hour chart illustrates a support level at 10.60, which if violated will result in even more drops to 10.48. On the upside, there is a resistance level at 10.80. A further resistance level may holdings at 10.88. The Relative Strength Index (RSI) on the 14-day chart is 60.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.82%. Stochastics%K at 86.97% indicates the stock is a selling.
