Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Financial Bancorp shares valued at $27,960 were purchased by Dennen Richard S on Nov 13 ’24. At $30.00 per share, Dennen Richard S acquired 932 shares.
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Also, Dennen Richard S purchased 5,000 shares, netting a total of over 148,789 in proceeds.
Before that, Dennen Richard S had sold 5,000 shares from its account. In a trade valued at $148,788, the Chief Corp. Banking Officer traded First Financial Bancorp shares for $29.76 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $2.2 million.
Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early July. As of March 03, 2021, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for FFBC. Earlier on February 01, 2021, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for FFBC stock which previously was a “a Neutral”.
Analyzing FFBC Stock Performance
During the last five days, there has been a drop of approximately -0.92%. Over the course of the year, First Financial Bancorp shares have jumped approximately 22.65%. Shares of the company reached a 52-week high of $30.11 on 11/11/24 and a 52-week low of $20.59 on 06/11/24. A 50-day SMA is recorded $25.67, while a 200-day SMA reached $23.63. Nevertheless, trading volume fell to 0.51 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for First Financial Bancorp (FFBC)
According to the 24-hour chart, there is a support level at 28.83, which, if violated, would cause prices to drop to 28.54. In the upper region, resistance lies at 29.71. The next price resistance is at 30.30. RSI (Relative Strength Index) is 64.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.29, which suggests the price will increase in the coming days. Percent R is at 16.21%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
