First Interstate BancSystem Inc.’s recent filing unveils that its Director HEYNEMAN JOHN M JR unloaded Company’s shares for reported $16824.0 on Aug 23 ’24. In the deal valued at $30.59 per share,550 shares were sold. As a result of this transaction, HEYNEMAN JOHN M JR now holds 1,415,151 shares worth roughly $44.78 million.
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Then, RILEY KEVIN P bought 6,820 shares, generating $215,648 in total proceeds. Upon buying the shares at $31.62, the President & CEO now owns 113,825 shares.
Before that, RILEY KEVIN P bought 4,412 shares. First Interstate BancSystem Inc. shares valued at $132,070 were divested by the President & CEO at a price of $29.93 per share. As a result of the transaction, RILEY KEVIN P now holds 117,655 shares, worth roughly $3.72 million.
Wells Fargo downgraded its First Interstate BancSystem Inc. [FIBK] rating to an Underweight from a an Equal weight in a research note published on October 01, 2024; the price target was decreased to $28 from $30. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. Wells Fargo also remained covering FIBK and has decreased its forecast on October 04, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. UBS started covering the stock on March 15, 2023. It rated FIBK as “a Neutral”.
Price Performance Review of FIBK
On Tuesday, First Interstate BancSystem Inc. [NASDAQ:FIBK] saw its stock jump 2.16% to $31.64. Over the last five days, the stock has gained 7.91%. First Interstate BancSystem Inc. shares have risen nearly 2.89% since the year began. Nevertheless, the stocks have risen 37.68% over the past one year. While a 52-week high of $33.00 was reached on 07/26/24, a 52-week low of $20.81 was recorded on 04/16/24. SMA at 50 days reached $29.82, while 200 days put it at $28.02.
Levels Of Support And Resistance For FIBK Stock
The 24-hour chart illustrates a support level at 30.99, which if violated will result in even more drops to 30.33. On the upside, there is a resistance level at 32.26. A further resistance level may holdings at 32.87. The Relative Strength Index (RSI) on the 14-day chart is 63.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.65%. Stochastics %K at 83.90% indicates the stock is a selling.
How much short interest is there in First Interstate BancSystem Inc.?
A steep rise in short interest was recorded in First Interstate BancSystem Inc. stocks on 2024-09-30, dropping by -0.4 million shares to a total of 2.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.59 million shares. There was a decline of -18.16%, which implies that there is a negative sentiment for the stock.
