Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. First Foundation Inc shares valued at $203,975 were sold by KELLER ULRICH E. JR on Feb 29 ’24. At $8.16 per share, KELLER ULRICH E. JR sold 25,000 shares. The insider’s holdings dropped to 1,230,622 shares worth approximately $7.49 million following the completion of this transaction.
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Also, KELLER ULRICH E. JR sold 30,000 shares, netting a total of over 266,940 in proceeds. Following the sale of shares at $8.90 each, the insider now holds 215,000 shares.
As published in a research note from DA Davidson on July 03, 2024, First Foundation Inc [FFWM] has been rated up from a Neutral to a Buy and the price target has been revised to $9 from $8. Analysts at Stephens downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early July. As of July 03, 2024, Raymond James has decreased its “Strong buy” rating to a “Mkt perform” for FFWM. Earlier on January 05, 2024, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for FFWM stock which previously was a “an Outperform”.
Analyzing FFWM Stock Performance
During the last five days, there has been a drop of approximately -0.98%. Over the course of the year, First Foundation Inc shares have dropped approximately -37.09%. Shares of the company reached a 52-week high of $11.47 on 01/25/24 and a 52-week low of $4.84 on 07/03/24. A 50-day SMA is recorded $6.07, while a 200-day SMA reached $7.02. Nevertheless, trading volume fell to 0.51 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for First Foundation Inc (FFWM)
According to the 24-hour chart, there is a support level at 6.01, which, if violated, would cause prices to drop to 5.92. In the upper region, resistance lies at 6.24. The next price resistance is at 6.39. RSI (Relative Strength Index) is 46.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 77.39%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
