First Horizon Corporation’s recently made public that its Director BARTON HARRY V JR unloaded Company’s shares for reported $0.2 million on Nov 12 ’24. In the deal valued at $19.92 per share,10,000 shares were sold. As a result of this transaction, BARTON HARRY V JR now holds 166,840 shares worth roughly $3.38 million.
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Then, BARTON HARRY V JR bought 10,000 shares, generating $199,206 in total proceeds.
Before that, POPWELL DAVID T sold 100,974 shares. First Horizon Corporation shares valued at $1,996,017 were divested by the SEVP Sr Strategic Executive at a price of $19.77 per share. As a result of the transaction, POPWELL DAVID T now holds 519,926 shares, worth roughly $10.54 million.
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 Monday, First Horizon Corporation [NYSE:FHN] saw its stock fall -0.39% to $20.28. Over the last five days, the stock has gained 1.25%. First Horizon Corporation shares have risen nearly 43.22% since the year began. Nevertheless, the stocks have risen 66.78% over the past one year. While a 52-week high of $20.53 was reached on 11/11/24, a 52-week low of $11.87 was recorded on 01/17/24. SMA at 50 days reached $16.94, while 200 days put it at $15.66.
Levels Of Support And Resistance For FHN Stock
The 24-hour chart illustrates a support level at 20.19, which if violated will result in even more drops to 20.10. On the upside, there is a resistance level at 20.45. A further resistance level may holdings at 20.61. The Relative Strength Index (RSI) on the 14-day chart is 73.02, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.89%. Stochastics %K at 92.75% 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 2024-10-31, growing by 1.16 million shares to a total of 7.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.95 million shares. There was a rise of 16.27%, which implies that there is a positive sentiment for the stock.
