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First Interstate BancSystem Inc. [FIBK] Records 200-Day SMA of $26.51

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Interstate BancSystem Inc. shares valued at $2,677,520 were sold by SCOTT JULIE A on Jun 12 ’24. At $26.14 per share, SCOTT JULIE A sold 102,430 shares. The insider’s holdings dropped to 727,439 shares worth approximately $20.16 million following the completion of this transaction.

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Also, Scott Jonathan R sold 14,403 shares, netting a total of over 376,494 in proceeds. Following the sale of shares at $26.14 each, the insider now holds 1,007,260 shares.

Before that, SCOTT JULIE A had sold 209,831 shares from its account. In a trade valued at $5,306,626, the 10% Owner traded First Interstate BancSystem Inc. shares for $25.29 each. Upon closing the transaction, the insider’s holdings decreased to 209,831 shares, worth approximately $24.38 million.

As published in their initiating research note from Barclays on March 08, 2024, First Interstate BancSystem Inc. [FIBK] has been an Equal weight and the price target has been revised to $28. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of March 15, 2023, UBS has initiated its “Neutral” rating for FIBK. Earlier on February 01, 2023, Stephens upgraded its rating. Their new recommendation was “an Overweight” for FIBK stock which previously was a “an Equal-weight”.

Analyzing FIBK Stock Performance

During the last five days, there has been a surge of approximately 5.00%. Over the course of the year, First Interstate BancSystem Inc. shares have dropped approximately -9.89%. Shares of the company reached a 52-week high of $31.44 on 01/02/24 and a 52-week low of $24.16 on 04/16/24. A 50-day SMA is recorded $26.88, while a 200-day SMA reached $26.51. Nevertheless, trading volume fell to 0.58 million shares from 0.47 million shares the previous day.

Support And Resistance Levels for First Interstate BancSystem Inc. (FIBK)

According to the 24-hour chart, there is a support level at 27.54, which, if violated, would cause prices to drop to 27.38. In the upper region, resistance lies at 27.96. The next price resistance is at 28.22. RSI (Relative Strength Index) is 60.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.12, which suggests the price will increase in the coming days. Percent R is at 11.04%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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