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Wolfe Research downgrades Stifel Financial Corp. (SF) stock to a Peer perform

Stifel Financial Corp.’s filing revealed that its Director PEACOCK DAVID A unloaded Company’s shares for reported $1.04 million on May 02 ’24. In the deal valued at $79.90 per share,13,000 shares were sold. As a result of this transaction, PEACOCK DAVID A now holds 18,646 shares worth roughly $1.62 million.

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Then, SLINEY DAVID D sold 17,000 shares, generating $1,272,110 in total proceeds. Upon selling the shares at $74.83, the Chief Operating Officer now owns 189,714 shares.

Before that, SLINEY DAVID D sold 3,795 shares. Stifel Financial Corp. shares valued at $280,868 were divested by the Chief Operating Officer at a price of $74.01 per share. As a result of the transaction, SLINEY DAVID D now holds 184,619 shares, worth roughly $16.07 million.

Wolfe Research downgraded its Stifel Financial Corp. [SF] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in early July from “a Buy” to “a Hold”. TD Cowen began covering SF with “an Outperform” recommendation on January 04, 2024. UBS started covering the stock on November 22, 2022. It rated SF as “a Neutral”.

Price Performance Review of SF

On Tuesday, Stifel Financial Corp. [NYSE:SF] saw its stock fall -0.26% to $87.03. Over the last five days, the stock has gained 2.53%. Stifel Financial Corp. shares have risen nearly 25.86% since the year began. Nevertheless, the stocks have risen 36.54% over the past one year. While a 52-week high of $90.00 was reached on 07/31/24, a 52-week low of $54.81 was recorded on 01/03/24. SMA at 50 days reached $83.43, while 200 days put it at $76.00.

Levels Of Support And Resistance For SF Stock

The 24-hour chart illustrates a support level at 86.61, which if violated will result in even more drops to 86.19. On the upside, there is a resistance level at 87.43. A further resistance level may holdings at 87.83. The Relative Strength Index (RSI) on the 14-day chart is 59.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.40%. Stochastics%K at 90.65% indicates the stock is a selling.

How much short interest is there in Stifel Financial Corp.?

A steep rise in short interest was recorded in Stifel Financial Corp. stocks on 2024-07-31, growing by 0.23 million shares to a total of 1.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.52 million shares. There was a rise of 12.92%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 12, 2022 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $60 price target.

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