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. First Bancorp PR shares valued at $41,815 were sold by McDonald Michael on Sep 03 ’24. At $21.51 per share, McDonald Michael sold 1,944 shares. The insider’s holdings dropped to 87,476 shares worth approximately $1.7 million following the completion of this transaction.
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Also, McDonald Michael sold 7,612 shares, netting a total of over 164,800 in proceeds. Following the sale of shares at $21.65 each, the insider now holds 89,420 shares.
Before that, Frye Daniel Edward had added 7,662 shares to its account. In a trade valued at $165,729, the Director bought First Bancorp PR shares for $21.63 each.
As published in a research note from Hovde Group on October 25, 2024, First Bancorp PR [FBP] has been retained to an Outperform and the price target has been revised to $24. As of July 24, 2024, Hovde Group has reiterated its “an Outperform” rating for FBP. Earlier on July 09, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for FBP stock.
Analyzing FBP Stock Performance
During the last five days, there has been a surge of approximately 0.52%. Over the course of the year, First Bancorp PR shares have jumped approximately 17.93%. Shares of the company reached a 52-week high of $22.12 on 07/26/24 and a 52-week low of $15.15 on 01/17/24. A 50-day SMA is recorded $20.52, while a 200-day SMA reached $18.51. Nevertheless, trading volume fell to 0.64 million shares from 0.84 million shares the previous day.
Support And Resistance Levels for First Bancorp PR (FBP)
According to the 24-hour chart, there is a support level at 19.19, which, if violated, would cause prices to drop to 18.99. In the upper region, resistance lies at 19.67. The next price resistance is at 19.95. RSI (Relative Strength Index) is 41.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.79, which suggests the price will decrease in the coming days. Percent R is at 80.58%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
