Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. First Commonwealth Financial Corp. shares valued at $49,594 were purchased by McCuen Michael P on Sep 23 ’24. At $16.99 per share, McCuen Michael P acquired 2,919 shares. The insider’s holdings grew to 57,623 shares worth approximately $0.95 million following the completion of this transaction.
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Also, KARRIP BRIAN G sold 8,926 shares, netting a total of over 116,841 in proceeds. Following the sale of shares at $13.09 each, the insider now holds 52,036 shares.
Before that, Riggle Carrie L had sold 7,563 shares from its account. In a trade valued at $99,907, the EVP/Human Resources traded First Commonwealth Financial Corp. shares for $13.21 each. Upon closing the transaction, the insider’s holdings decreased to 7,563 shares, worth approximately $0.76 million.
As published in a research note from Janney on July 29, 2024, First Commonwealth Financial Corp. [FCF] has been rated down from a Buy to a Neutral and the price target has been revised to $19 from $16. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid May. As of February 21, 2023, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for FCF. Earlier on September 29, 2022, Janney initiated its rating. Their recommendation was “a Buy” for FCF stock.
Analyzing FCF Stock Performance
During the last five days, there has been a surge of approximately 1.05%. Over the course of the year, First Commonwealth Financial Corp. shares have jumped approximately 6.28%. Shares of the company reached a 52-week high of $19.01 on 07/25/24 and a 52-week low of $12.41 on 04/16/24. A 50-day SMA is recorded $16.62, while a 200-day SMA reached $14.64. Nevertheless, trading volume fell to 0.53 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for First Commonwealth Financial Corp. (FCF)
According to the 24-hour chart, there is a support level at 16.24, which, if violated, would cause prices to drop to 16.07. In the upper region, resistance lies at 16.54. The next price resistance is at 16.67. RSI (Relative Strength Index) is 46.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 74.81%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
