Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Horizon Corporation shares valued at $199,202 were sold by BARTON HARRY V JR on Nov 12 ’24. At $19.92 per share, BARTON HARRY V JR sold 10,000 shares. The insider’s holdings dropped to 166,840 shares worth approximately $3.37 million following the completion of this transaction.
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Also, BARTON HARRY V JR purchased 10,000 shares, netting a total of over 199,206 in proceeds.
Before that, POPWELL DAVID T had sold 100,974 shares from its account. In a trade valued at $1,996,017, the SEVP Sr Strategic Executive traded First Horizon Corporation shares for $19.77 each. Upon closing the transaction, the insider’s holdings decreased to 100,974 shares, worth approximately $10.49 million.
As published in a research note from Wedbush on September 24, 2024, First Horizon Corporation [FHN] has been rated down from an Outperform to a Neutral and the price target has been revised to $17 from $20. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in mid July. As of July 17, 2024, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for FHN.
Analyzing FHN Stock Performance
During the last five days, there has been a surge of approximately 0.05%. Over the course of the year, First Horizon Corporation shares have jumped approximately 42.44%. Shares of the company reached a 52-week high of $20.53 on 11/11/24 and a 52-week low of $12.95 on 01/17/24. A 50-day SMA is recorded $17.22, while a 200-day SMA reached $15.75. Nevertheless, trading volume fell to 3.99 million shares from 4.53 million shares the previous day.
Support And Resistance Levels for First Horizon Corporation (FHN)
According to the 24-hour chart, there is a support level at 19.97, which, if violated, would cause prices to drop to 19.76. In the upper region, resistance lies at 20.31. The next price resistance is at 20.45. RSI (Relative Strength Index) is 68.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.43, which suggests the price will decrease in the coming days. Percent R is at 9.92%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
