The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. First Bancorp PR shares valued at $1,081,960 were sold by ALEMAN AURELIO on Nov 11 ’24. At $21.64 per share, ALEMAN AURELIO sold 50,000 shares. The insider’s holdings dropped to 1,045,261 shares worth approximately $22.27 million following the completion of this transaction.
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Also, ALEMAN AURELIO purchased 50,000 shares, netting a total of over 1,077,000 in proceeds.
Before that, RIVERA NAYDA had sold 25,000 shares from its account. In a trade valued at $529,840, the EVP and CRO traded First Bancorp PR shares for $21.19 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $5.04 million.
As published in a research note from Hovde Group on October 25, 2024, First Bancorp PR [FBP] has been retained to an Outperform and the price target has been revised to $24. As of July 24, 2024, Hovde Group has reiterated its “an Outperform” rating for FBP. Earlier on July 09, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for FBP stock.
Analyzing FBP Stock Performance
During the last five days, there has been a drop of approximately -4.01%. Over the course of the year, First Bancorp PR shares have jumped approximately 29.54%. Shares of the company reached a 52-week high of $22.40 on 11/06/24 and a 52-week low of $15.15 on 01/17/24. A 50-day SMA is recorded $20.41, while a 200-day SMA reached $18.72. Nevertheless, trading volume fell to 0.96 million shares from 1.09 million shares the previous day.
Support And Resistance Levels for First Bancorp PR (FBP)
According to the 24-hour chart, there is a support level at 21.02, which, if violated, would cause prices to drop to 20.72. In the upper region, resistance lies at 21.88. The next price resistance is at 22.44. RSI (Relative Strength Index) is 56.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.31, which suggests the price will increase in the coming days. Percent R is at 30.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
