Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. FB Financial Corp shares valued at $72,700 were purchased by Ayers James W. on Feb 21 ’24. At $36.35 per share, Ayers James W. acquired 2,000 shares. The insider’s holdings grew to 10,886,841 shares worth approximately $418.49 million following the completion of this transaction.
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
Also, Ayers James W. purchased 3,000 shares, netting a total of over 107,730 in proceeds. Following the buying of shares at $35.91 each, the insider now holds 10,884,841 shares.
Before that, Ayers James W. had added 2,000 shares to its account. In a trade valued at $76,400, the 10% Owner bought FB Financial Corp shares for $38.20 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $418.3 million.
As published in a research note from Stephens on May 23, 2024, FB Financial Corp [FBK] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $45 from $39. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid April. As of April 16, 2024, Hovde Group has increased its “Market perform” rating to a “an Outperform” for FBK. Earlier on January 17, 2024, Hovde Group downgraded its rating. Their new recommendation was “a Market perform” for FBK stock which previously was a “an Outperform”.
Analyzing FBK Stock Performance
During the last five days, there has been a surge of approximately 3.50%. Over the course of the year, FB Financial Corp shares have dropped approximately -3.54%. Shares of the company reached a 52-week high of $40.18 on 01/02/24 and a 52-week low of $33.35 on 04/16/24. A 50-day SMA is recorded $37.51, while a 200-day SMA reached $35.31. Nevertheless, trading volume fell to 60279.0 shares from 0.12 million shares the previous day.
Support And Resistance Levels for FB Financial Corp (FBK)
According to the 24-hour chart, there is a support level at 38.15, which, if violated, would cause prices to drop to 37.87. In the upper region, resistance lies at 38.93. The next price resistance is at 39.43. RSI (Relative Strength Index) is 58.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.44, which suggests the price will increase in the coming days. Percent R is at 23.21%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
