Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pacific Premier Bancorp, Inc shares valued at $265,749 were sold by JONES JEFF C on Sep 09 ’24. At $23.62 per share, JONES JEFF C sold 11,251 shares. The insider’s holdings dropped to 123,794 shares worth approximately $3.59 million following the completion of this transaction.
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Also, WILCOX EDWARD EARL sold 30,499 shares, netting a total of over 720,691 in proceeds. Following the sale of shares at $23.63 each, the insider now holds 230,592 shares.
Before that, WILCOX EDWARD EARL had added 30,499 shares to its account. In a trade valued at $720,677, the Officer bought Pacific Premier Bancorp, Inc shares for $23.63 each.
As published in a research note from Raymond James on January 30, 2024, Pacific Premier Bancorp, Inc [PPBI] has been rated down from a Strong buy to an Outperform and the price target has been revised to $29 from $26. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in early July. As of January 25, 2022, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for PPBI. Earlier on October 07, 2021, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for PPBI stock which previously was a “a Strong buy”.
Analyzing PPBI Stock Performance
During the last five days, there has been a surge of approximately 12.05%. Over the course of the year, Pacific Premier Bancorp, Inc shares have dropped approximately -0.34%. Shares of the company reached a 52-week high of $29.64 on 11/06/24 and a 52-week low of $20.52 on 06/10/24. A 50-day SMA is recorded $25.21, while a 200-day SMA reached $23.98. Nevertheless, trading volume fell to 1.43 million shares from 0.45 million shares the previous day.
Support And Resistance Levels for Pacific Premier Bancorp, Inc (PPBI)
According to the 24-hour chart, there is a support level at 27.62, which, if violated, would cause prices to drop to 26.23. In the upper region, resistance lies at 30.02. The next price resistance is at 31.03. RSI (Relative Strength Index) is 68.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.44, which suggests the price will decrease in the coming days. Percent R is at 10.97%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
