Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hope Bancorp Inc shares valued at $18,720 were sold by Harris Angelee on Sep 04 ’24. At $12.48 per share, Harris Angelee sold 1,500 shares. The insider’s holdings dropped to 23,331 shares worth approximately $0.3 million following the completion of this transaction.
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Also, Malone David P sold 10,428 shares, netting a total of over 132,569 in proceeds. Following the sale of shares at $12.71 each, the insider now holds 109,991 shares.
Before that, Malone David P had added 10,428 shares to its account. In a trade valued at $132,436, the Director bought Hope Bancorp Inc shares for $12.70 each.
As published in a research note from DA Davidson on April 30, 2024, Hope Bancorp Inc [HOPE] has been rated up from a Neutral to a Buy and the price target has been revised to $12.50. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid May. As of November 15, 2021, DA Davidson has increased its “Neutral” rating to a “Buy” for HOPE. Earlier on November 02, 2017, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for HOPE stock which previously was a “an Outperform”.
Analyzing HOPE Stock Performance
During the last five days, there has been a drop of approximately -5.20%. Over the course of the year, Hope Bancorp Inc shares have jumped approximately 5.55%. Shares of the company reached a 52-week high of $13.59 on 07/31/24 and a 52-week low of $9.80 on 06/11/24. A 50-day SMA is recorded $12.55, while a 200-day SMA reached $11.44. Nevertheless, trading volume fell to 0.58 million shares from 0.87 million shares the previous day.
Support And Resistance Levels for Hope Bancorp Inc (HOPE)
According to the 24-hour chart, there is a support level at 12.54, which, if violated, would cause prices to drop to 12.34. In the upper region, resistance lies at 12.90. The next price resistance is at 13.06. RSI (Relative Strength Index) is 51.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 54.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
