Meanwhile, Raymond James downgraded its First Horizon Corporation [FHN] rating to an Outperform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Mkt perform”. RBC Capital Mkts revised its rating on April 09, 2024. It rated FHN as “an Outperform” which previously was an “a Sector perform”.
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Price Performance Review of FHN
On Tuesday, First Horizon Corporation [NYSE:FHN] saw its stock fall -0.13% to $15.78. Over the last five days, the stock has gained 1.94%. First Horizon Corporation shares have risen nearly 11.44% since the year began. Nevertheless, the stocks have risen 37.82% over the past one year. While a 52-week high of $17.46 was reached on 07/16/24, a 52-week low of $10.08 was recorded on 01/17/24. SMA at 50 days reached $15.97, while 200 days put it at $14.97.
Levels Of Support And Resistance For FHN Stock
The 24-hour chart illustrates a support level at 15.63, which if violated will result in even more drops to 15.48. On the upside, there is a resistance level at 16.01. A further resistance level may holdings at 16.24. The Relative Strength Index (RSI) on the 14-day chart is 49.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.70%. Stochastics %K at 50.94% indicates the stock is a holding.
How much short interest is there in First Horizon Corporation?
A steep rise in short interest was recorded in First Horizon Corporation stocks on 2024-08-30, dropping by -1.84 million shares to a total of 6.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 8.24 million shares. There was a decline of -28.86%, which implies that there is a negative sentiment for the stock.
