Hope Bancorp Inc’s filing revealed that its EVP, General Counsel Harris Angelee unloaded Company’s shares for reported $18720.0 on Sep 04 ’24. In the deal valued at $12.48 per share,1,500 shares were sold. As a result of this transaction, Harris Angelee now holds 23,331 shares worth roughly $0.3 million.
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Then, Malone David P sold 10,428 shares, generating $132,569 in total proceeds. Upon selling the shares at $12.71, the Director now owns 109,991 shares.
Before that, Malone David P bought 10,428 shares. Hope Bancorp Inc shares valued at $132,436 were divested by the Director at a price of $12.70 per share.
DA Davidson upgraded its Hope Bancorp Inc [HOPE] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Neutral”. DA Davidson also remained covering HOPE and has increased its forecast on November 15, 2021 with a “Buy” recommendation from previously “Neutral” rating. Raymond James revised its rating on November 02, 2017. It rated HOPE as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of HOPE
On Monday, Hope Bancorp Inc [NASDAQ:HOPE] saw its stock fall -4.46% to $12.65. Over the last five days, the stock has lost -2.47%. Hope Bancorp Inc shares have risen nearly 4.72% since the year began. Nevertheless, the stocks have risen 41.66% over the past one year. While a 52-week high of $13.59 was reached on 07/31/24, a 52-week low of $8.15 was recorded on 06/11/24. SMA at 50 days reached $12.49, while 200 days put it at $11.43.
Levels Of Support And Resistance For HOPE Stock
The 24-hour chart illustrates a support level at 12.44, which if violated will result in even more drops to 12.22. On the upside, there is a resistance level at 13.06. A further resistance level may holdings at 13.47. The Relative Strength Index (RSI) on the 14-day chart is 49.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.28%. Stochastics %K at 72.14% indicates the stock is a holding.
How much short interest is there in Hope Bancorp Inc?
A steep rise in short interest was recorded in Hope Bancorp Inc stocks on 2024-09-30, dropping by -0.12 million shares to a total of 2.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.92 million shares. There was a decline of -4.32%, which implies that there is a negative sentiment for the stock.
