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Selling Buzz: Home Bancshares Inc [HOMB] Centennial Bank Chairman French Tracy sells 79,306 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Home Bancshares Inc shares valued at $1,958,858 were sold by French Tracy on May 16 ’24. At $24.70 per share, French Tracy sold 79,306 shares. The insider’s holdings dropped to 200,949 shares worth approximately $4.88 million following the completion of this transaction.

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Also, FLOYD JENNIFER C. sold 2,333 shares, netting a total of over 57,228 in proceeds. Following the sale of shares at $24.53 each, the insider now holds 1,000 shares.

Before that, Davis Brian had sold 20,544 shares from its account. In a trade valued at $503,739, the Chief Financial Officer traded Home Bancshares Inc shares for $24.52 each. Upon closing the transaction, the insider’s holdings decreased to 20,544 shares, worth approximately $2.17 million.

As published in their initiating research note from Citigroup on December 01, 2023, Home Bancshares Inc [HOMB] has been a Neutral and the price target has been revised to $23. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid December. As of July 16, 2021, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for HOMB. Earlier on April 17, 2020, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for HOMB stock which previously was a “a Mkt perform”.

Analyzing HOMB Stock Performance

During the last five days, there has been a surge of approximately 1.00%. Over the course of the year, Home Bancshares Inc shares have dropped approximately -4.07%. Shares of the company reached a 52-week high of $25.56 on 01/02/24 and a 52-week low of $22.38 on 04/16/24. A 50-day SMA is recorded $23.76, while a 200-day SMA reached $23.22. Nevertheless, trading volume fell to 0.74 million shares from 0.64 million shares the previous day.

Support And Resistance Levels for Home Bancshares Inc (HOMB)

According to the 24-hour chart, there is a support level at 23.96, which, if violated, would cause prices to drop to 23.62. In the upper region, resistance lies at 24.48. The next price resistance is at 24.66. RSI (Relative Strength Index) is 60.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.25, which suggests the price will decrease in the coming days. Percent R is at 1.41%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.

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