The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Simmons First National Corp. shares valued at $76,356 were sold by Garner David W on Aug 23 ’24. At $21.21 per share, Garner David W sold 3,600 shares. The insider’s holdings dropped to 64,966 shares worth approximately $1.51 million following the completion of this transaction.
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Also, Garner David W purchased 3,600 shares, netting a total of over 76,357 in proceeds.
Before that, Massanelli Stephen C had sold 5,000 shares from its account. In a trade valued at $108,500, the SEVP traded Simmons First National Corp. shares for $21.70 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $1.94 million.
As published in a research note from Piper Sandler on May 09, 2022, Simmons First National Corp. [SFNC] has been rated down from a Neutral to an Underweight and the price target has been revised to $26. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early April. As of June 17, 2020, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for SFNC. Earlier on January 24, 2020, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for SFNC stock which previously was a “an Overweight”.
Analyzing SFNC Stock Performance
During the last five days, there has been a surge of approximately 7.57%. Over the course of the year, Simmons First National Corp. shares have jumped approximately 17.44%. Shares of the company reached a 52-week high of $23.68 on 10/16/24 and a 52-week low of $16.03 on 06/17/24. A 50-day SMA is recorded $20.95, while a 200-day SMA reached $19.14. Nevertheless, trading volume fell to 0.7 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for Simmons First National Corp. (SFNC)
According to the 24-hour chart, there is a support level at 23.10, which, if violated, would cause prices to drop to 22.90. In the upper region, resistance lies at 23.59. The next price resistance is at 23.88. RSI (Relative Strength Index) is 73.22 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.23, which suggests the price will increase in the coming days. Percent R is at 13.10%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
