Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Seacoast Banking Corp. Of Florida shares valued at $216,480 were sold by HUDSON DENNIS S III on Sep 18 ’24. At $27.06 per share, HUDSON DENNIS S III sold 8,000 shares. The insider’s holdings dropped to 228,557 shares worth approximately $6.96 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, DENNIS S HUDSON III REVOCABLE purchased 8,000 shares, netting a total of over 216,457 in proceeds.
Before that, HUDSON DENNIS S III had sold 16,000 shares from its account. In a trade valued at $432,000, the Director traded Seacoast Banking Corp. Of Florida shares for $27.00 each. Upon closing the transaction, the insider’s holdings decreased to 16,000 shares, worth approximately $7.14 million.
As published in a research note from Hovde Group on July 29, 2024, Seacoast Banking Corp. Of Florida [SBCF] has been rated down from an Outperform to a Market perform and the price target has been revised to $31 from $29. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late May. As of April 29, 2024, Hovde Group has reiterated its “an Outperform” rating for SBCF. Earlier on January 05, 2024, Truist downgraded its rating. Their new recommendation was “a Hold” for SBCF stock which previously was a “a Buy”.
Analyzing SBCF Stock Performance
During the last five days, there has been a surge of approximately 11.41%. Over the course of the year, Seacoast Banking Corp. Of Florida shares have jumped approximately 7.03%. Shares of the company reached a 52-week high of $30.78 on 11/06/24 and a 52-week low of $21.90 on 04/16/24. A 50-day SMA is recorded $26.87, while a 200-day SMA reached $25.10. Nevertheless, trading volume fell to 1.62 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for Seacoast Banking Corp. Of Florida (SBCF)
According to the 24-hour chart, there is a support level at 29.58, which, if violated, would cause prices to drop to 28.70. In the upper region, resistance lies at 31.06. The next price resistance is at 31.66. RSI (Relative Strength Index) is 70.28 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.81, which suggests the price will decrease in the coming days. Percent R is at 6.63%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
