Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Commonwealth Financial Corp shares valued at $49,594 were purchased by McCuen Michael P on Sep 23 ’24. At $16.99 per share, McCuen Michael P acquired 2,919 shares. The insider’s holdings grew to 57,623 shares worth approximately $1.11 million following the completion of this transaction.
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Also, KARRIP BRIAN G sold 8,926 shares, netting a total of over 116,841 in proceeds. Following the sale of shares at $13.09 each, the insider now holds 52,036 shares.
As published in a research note from Janney on July 29, 2024, First Commonwealth Financial Corp [FCF] has been rated down from a Buy to a Neutral and the price target has been revised to $19 from $16. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid May. As of February 21, 2023, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for FCF. Earlier on September 29, 2022, Janney initiated its rating. Their recommendation was “a Buy” for FCF stock.
Analyzing FCF Stock Performance
During the last five days, there has been a surge of approximately 14.28%. Over the course of the year, First Commonwealth Financial Corp shares have jumped approximately 24.94%. Shares of the company reached a 52-week high of $19.50 on 11/06/24 and a 52-week low of $12.41 on 04/16/24. A 50-day SMA is recorded $16.85, while a 200-day SMA reached $14.85. Nevertheless, trading volume fell to 1.69 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for First Commonwealth Financial Corp (FCF)
According to the 24-hour chart, there is a support level at 18.36, which, if violated, would cause prices to drop to 17.43. In the upper region, resistance lies at 19.86. The next price resistance is at 20.44. RSI (Relative Strength Index) is 72.37 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 6.31%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
