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Recent Insider Activity Suggests Potential Gains for Simmons First National Corp. (SFNC)

In a filing, Simmons First National Corp. revealed its EVP, Chief Accounting Officer Garner David W unloaded Company’s shares for reported $76356.0 on Aug 23 ’24. In the deal valued at $21.21 per share,3,600 shares were sold. As a result of this transaction, Garner David W now holds 64,966 shares worth roughly $1.51 million.

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Then, Garner David W bought 3,600 shares, generating $76,357 in total proceeds.

Before that, Massanelli Stephen C sold 5,000 shares. Simmons First National Corp. shares valued at $108,500 were divested by the SEVP at a price of $21.70 per share. As a result of the transaction, Massanelli Stephen C now holds 83,453 shares, worth roughly $1.94 million.

Piper Sandler downgraded its Simmons First National Corp. [SFNC] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Mkt perform”. Raymond James also remained covering SFNC and has increased its forecast on June 17, 2020 with a “an Outperform” recommendation from previously “Mkt perform” rating. Piper Sandler revised its rating on January 24, 2020. It rated SFNC as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of SFNC

On Friday, Simmons First National Corp. [NASDAQ:SFNC] saw its stock fall -0.09% to $23.28. Over the last five days, the stock has gained 4.49%. Simmons First National Corp. shares have risen nearly 17.34% since the year began. Nevertheless, the stocks have risen 44.06% over the past one year. While a 52-week high of $23.68 was reached on 10/16/24, a 52-week low of $13.36 was recorded on 06/17/24. SMA at 50 days reached $21.11, while 200 days put it at $19.18.

Levels Of Support And Resistance For SFNC Stock

The 24-hour chart illustrates a support level at 22.26, which if violated will result in even more drops to 21.25. On the upside, there is a resistance level at 23.93. A further resistance level may holdings at 24.59. The Relative Strength Index (RSI) on the 14-day chart is 72.79, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.79%. Stochastics %K at 86.67% indicates the stock is a selling.

How much short interest is there in Simmons First National Corp.?

A steep rise in short interest was recorded in Simmons First National Corp. stocks on 2024-09-30, growing by 0.15 million shares to a total of 2.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.35 million shares. There was a rise of 5.9%, which implies that there is a positive sentiment for the stock.

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