First Merchants Corp.’s recently made public that its Officer Mark K Hardwick acquired Company’s shares for reported $0.42 million on Aug 09 ’24. In the deal valued at $35.56 per share,11,833 shares were bought.
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Then, HARDWICK MARK K sold 11,833 shares, generating $475,922 in total proceeds. Upon selling the shares at $40.22, the Chief Executive Officer now owns 17,749 shares.
Before that, Fehring Patrick J. sold 23,936 shares. First Merchants Corp. shares valued at $778,159 were divested by the Director at a price of $32.51 per share. As a result of the transaction, Fehring Patrick J. now holds 122,706 shares, worth roughly $4.38 million.
A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “an Equal-weight”. Raymond James also remained covering FRME and has decreased its forecast on February 21, 2023 with a “an Outperform” recommendation from previously “Strong buy” rating. Raymond James revised its rating on July 07, 2022. It rated FRME as “a Strong buy” which previously was an “an Outperform”.
Price Performance Review of FRME
On Tuesday, First Merchants Corp. [NASDAQ:FRME] saw its stock jump 1.51% to $35.71. Over the last five days, the stock has lost -0.56%. First Merchants Corp. shares have fallen nearly -3.69% since the year began. Nevertheless, the stocks have risen 11.84% over the past one year. While a 52-week high of $42.44 was reached on 07/26/24, a 52-week low of $25.70 was recorded on 06/11/24. SMA at 50 days reached $34.92, while 200 days put it at $33.99.
Levels Of Support And Resistance For FRME Stock
The 24-hour chart illustrates a support level at 35.07, which if violated will result in even more drops to 34.42. On the upside, there is a resistance level at 36.10. A further resistance level may holdings at 36.48. The Relative Strength Index (RSI) on the 14-day chart is 44.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.62%. Stochastics%K at 11.06% indicates the stock is a buying.
How much short interest is there in First Merchants Corp.?
A steep rise in short interest was recorded in First Merchants Corp. stocks on
