Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Central Pacific Financial Corp shares valued at $75,556 were sold by Ngo Agnes Catherine on Jul 12 ’24. At $22.67 per share, Ngo Agnes Catherine sold 3,333 shares. The insider’s holdings dropped to 75,357 shares worth approximately $2.31 million following the completion of this transaction.
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Also, Ngo Agnes Catherine sold 3,333 shares, netting a total of over 67,360 in proceeds. Following the sale of shares at $20.21 each, the insider now holds 78,690 shares.
Before that, Ngo Agnes Catherine had sold 3,333 shares from its account. In a trade valued at $70,629, the Director traded Central Pacific Financial Corp shares for $21.19 each. Upon closing the transaction, the insider’s holdings decreased to 3,333 shares, worth approximately $2.51 million.
As published in a research note from Raymond James on October 06, 2022, Central Pacific Financial Corp [CPF] has been rated down from an Outperform to a Mkt perform. Analysts at Compass Point downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of March 11, 2021, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for CPF. Earlier on January 28, 2021, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for CPF stock which previously was a “a Neutral”.
Analyzing CPF Stock Performance
During the last five days, there has been a drop of approximately -1.32%. Over the course of the year, Central Pacific Financial Corp shares have jumped approximately 55.74%. Shares of the company reached a 52-week high of $32.21 on 11/12/24 and a 52-week low of $18.00 on 02/13/24. A 50-day SMA is recorded $28.90, while a 200-day SMA reached $23.40. Nevertheless, trading volume fell to 0.51 million shares from 0.13 million shares the previous day.
Support And Resistance Levels for Central Pacific Financial Corp (CPF)
According to the 24-hour chart, there is a support level at 30.27, which, if violated, would cause prices to drop to 29.90. In the upper region, resistance lies at 31.05. The next price resistance is at 31.45. RSI (Relative Strength Index) is 56.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.68, which suggests the price will decrease in the coming days. Percent R is at 25.57%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
