Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Home Bancshares Inc shares valued at $413,864 were sold by Davis Brian on Jul 19 ’24. At $26.89 per share, Davis Brian sold 15,391 shares. The insider’s holdings dropped to 89,192 shares worth approximately $2.47 million following the completion of this transaction.
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Also, Hester Kevin sold 25,263 shares, netting a total of over 682,101 in proceeds. Following the sale of shares at $27.00 each, the insider now holds 114,912 shares.
Before that, French Tracy had sold 79,306 shares from its account. In a trade valued at $1,958,858, the Centennial Bank Chairman traded Home Bancshares Inc shares for $24.70 each. Upon closing the transaction, the insider’s holdings decreased to 79,306 shares, worth approximately $5.56 million.
As published in their initiating research note from Citigroup on December 01, 2023, Home Bancshares Inc [HOMB] has been a Neutral and the price target has been revised to $23. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid December. As of July 16, 2021, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for HOMB. Earlier on April 17, 2020, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for HOMB stock which previously was a “a Mkt perform”.
Analyzing HOMB Stock Performance
During the last five days, there has been a surge of approximately 2.22%. Over the course of the year, Home Bancshares Inc shares have jumped approximately 9.20%. Shares of the company reached a 52-week high of $28.99 on 07/31/24 and a 52-week low of $22.38 on 04/16/24. A 50-day SMA is recorded $27.02, while a 200-day SMA reached $24.99. Nevertheless, trading volume fell to 0.87 million shares from 0.92 million shares the previous day.
Support And Resistance Levels for Home Bancshares Inc (HOMB)
According to the 24-hour chart, there is a support level at 27.33, which, if violated, would cause prices to drop to 27.01. In the upper region, resistance lies at 28.16. The next price resistance is at 28.67. RSI (Relative Strength Index) is 58.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.63, which suggests the price will decrease in the coming days. Percent R is at 30.36%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
