In a filing, Pinnacle Financial Partners Inc. revealed its Director BURNS GREGORY L unloaded Company’s shares for reported $0.12 million on May 09 ’24. In the deal valued at $83.00 per share,1,500 shares were sold. As a result of this transaction, BURNS GREGORY L now holds 20,091 shares worth roughly $1.98 million.
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Then, MCCABE ROBERT A JR sold 115,249 shares, generating $9,340,032 in total proceeds. Upon selling the shares at $81.04, the CHAIRMAN now owns 153,062 shares.
Before that, TURNER M TERRY sold 72,000 shares. Pinnacle Financial Partners Inc. shares valued at $5,830,153 were divested by the CEO at a price of $80.97 per share. As a result of the transaction, TURNER M TERRY now holds 222,790 shares, worth roughly $21.99 million.
Wells Fargo downgraded its Pinnacle Financial Partners Inc. [PNFP] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in late September has reiterated a ‘”an Outperform”‘ rating for it. Piper Sandler also remained covering PNFP and has decreased its forecast on July 18, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Hovde Group maintained its rating on April 23, 2024. It rated PNFP as “an Outperform”.
Price Performance Review of PNFP
On Friday, Pinnacle Financial Partners Inc. [NASDAQ:PNFP] saw its stock jump 3.02% to $98.69. Over the last five days, the stock has gained 2.58%. Pinnacle Financial Partners Inc. shares have risen nearly 13.15% since the year began. Nevertheless, the stocks have risen 44.73% over the past one year. While a 52-week high of $100.76 was reached on 09/19/24, a 52-week low of $59.66 was recorded on 06/11/24. SMA at 50 days reached $94.03, while 200 days put it at $85.81.
Levels Of Support And Resistance For PNFP Stock
The 24-hour chart illustrates a support level at 96.97, which if violated will result in even more drops to 95.25. On the upside, there is a resistance level at 100.15. A further resistance level may holdings at 101.61. The Relative Strength Index (RSI) on the 14-day chart is 57.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.77%. Stochastics %K at 58.24% indicates the stock is a holding.
How much short interest is there in Pinnacle Financial Partners Inc.?
A steep rise in short interest was recorded in Pinnacle Financial Partners Inc. stocks on 2024-09-30, growing by 0.48 million shares to a total of 2.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.76 million shares. There was a rise of 21.42%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 08, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $93 price target.
