First Horizon Corporation’s recently made public that its SEVP Sr Strategic Executive POPWELL DAVID T unloaded Company’s shares for reported $2.0 million on Nov 07 ’24. In the deal valued at $19.77 per share,100,974 shares were sold. As a result of this transaction, POPWELL DAVID T now holds 519,926 shares worth roughly $10.24 million.
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Then, POPWELL DAVID T bought 100,974 shares, generating $1,996,017 in total proceeds.
Before that, Springfield Susan L bought 21,818 shares. First Horizon Corporation shares valued at $375,943 were divested by the Former Officer at a price of $17.23 per share.
Wedbush downgraded its First Horizon Corporation [FHN] rating to a Neutral from a an Outperform in a research note published on September 24, 2024; the price target was decreased to $17 from $20. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in mid July from “a Strong buy” to “an Outperform”. Keefe Bruyette also remained covering FHN and has decreased its forecast on July 17, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating.
Price Performance Review of FHN
On Friday, First Horizon Corporation [NYSE:FHN] saw its stock jump 0.46% to $19.69. Over the last five days, the stock has gained 14.54%. First Horizon Corporation shares have risen nearly 39.05% since the year began. Nevertheless, the stocks have risen 73.63% over the past one year. While a 52-week high of $20.11 was reached on 11/06/24, a 52-week low of $10.96 was recorded on 01/17/24. SMA at 50 days reached $16.44, while 200 days put it at $15.49.
Levels Of Support And Resistance For FHN Stock
The 24-hour chart illustrates a support level at 19.50, which if violated will result in even more drops to 19.30. On the upside, there is a resistance level at 19.85. A further resistance level may holdings at 20.00. The Relative Strength Index (RSI) on the 14-day chart is 72.06, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.08%. Stochastics %K at 90.24% indicates the stock is a selling.
How much short interest is there in First Horizon Corporation?
A steep rise in short interest was recorded in First Horizon Corporation stocks on 2024-10-15, growing by 1.59 million shares to a total of 6.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.92 million shares. There was a rise of 24.39%, which implies that there is a positive sentiment for the stock.
