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The Potential Rise in the Price of FirstCash Holdings Inc (FCFS) following insiders activity

FirstCash Holdings Inc’s filing revealed that its Director Rippel Douglas Richard unloaded Company’s shares for reported $0.4 million on Sep 09 ’24. In the deal valued at $119.94 per share,3,374 shares were sold. As a result of this transaction, Rippel Douglas Richard now holds 4,731,869 shares worth roughly $539.81 million.

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Then, Rippel Douglas Richard sold 600 shares, generating $72,042 in total proceeds. Upon selling the shares at $120.07, the Director now owns 4,735,243 shares.

Before that, Rippel Douglas Richard sold 7,316 shares. FirstCash Holdings Inc shares valued at $877,774 were divested by the Director at a price of $119.98 per share. As a result of the transaction, Rippel Douglas Richard now holds 4,735,843 shares, worth roughly $540.26 million.

BTIG Research initiated its FirstCash Holdings Inc [FCFS] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Loop Capital’s analysts, who increased its forecast for the stock in late April from “a Hold” to “a Buy”. TD Cowen also remained covering FCFS and has increased its forecast on April 10, 2024 with a “Buy” recommendation from previously “Hold” rating. TD Cowen started covering the stock on November 01, 2023. It rated FCFS as “a Market perform”.

Price Performance Review of FCFS

On Tuesday, FirstCash Holdings Inc [NASDAQ:FCFS] saw its stock jump 0.39% to $114.08. Over the last five days, the stock has gained 0.96%. FirstCash Holdings Inc shares have risen nearly 5.25% since the year began. Nevertheless, the stocks have risen 14.48% over the past one year. While a 52-week high of $133.64 was reached on 04/24/24, a 52-week low of $99.03 was recorded on 07/05/24. SMA at 50 days reached $115.97, while 200 days put it at $115.59.

Levels Of Support And Resistance For FCFS Stock

The 24-hour chart illustrates a support level at 113.38, which if violated will result in even more drops to 112.68. On the upside, there is a resistance level at 114.99. A further resistance level may holdings at 115.90. The Relative Strength Index (RSI) on the 14-day chart is 47.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.78%. Stochastics %K at 42.18% indicates the stock is a holding.

How much short interest is there in FirstCash Holdings Inc?

A steep rise in short interest was recorded in FirstCash Holdings Inc stocks on 2024-09-30, dropping by -0.16 million shares to a total of 0.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.94 million shares. There was a decline of -21.08%, which implies that there is a negative sentiment for the stock.

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