Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Financial Bancorp shares valued at $771,400 were sold by DAVIS CLAUDE E on Aug 29 ’24. At $26.60 per share, DAVIS CLAUDE E sold 29,000 shares. The insider’s holdings dropped to 53,576 shares worth approximately $1.37 million following the completion of this transaction.
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Also, Berta Vince purchased 10,000 shares, netting a total of over 260,800 in proceeds.
Before that, Dennen Richard S had sold 12,500 shares from its account. In a trade valued at $342,875, the Chief Corp. Banking Officer traded First Financial Bancorp shares for $27.43 each. Upon closing the transaction, the insider’s holdings decreased to 12,500 shares, worth approximately $2.06 million.
Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early July. As of March 03, 2021, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for FFBC. Earlier on February 01, 2021, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for FFBC stock which previously was a “a Neutral”.
Analyzing FFBC Stock Performance
During the last five days, there has been a drop of approximately -2.90%. Over the course of the year, First Financial Bancorp shares have jumped approximately 7.28%. Shares of the company reached a 52-week high of $28.25 on 07/29/24 and a 52-week low of $20.59 on 06/11/24. A 50-day SMA is recorded $25.30, while a 200-day SMA reached $23.33. Nevertheless, trading volume fell to 0.55 million shares from 0.38 million shares the previous day.
Support And Resistance Levels for First Financial Bancorp (FFBC)
According to the 24-hour chart, there is a support level at 25.16, which, if violated, would cause prices to drop to 24.83. In the upper region, resistance lies at 25.65. The next price resistance is at 25.81. RSI (Relative Strength Index) is 52.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 40.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
