First Interstate BancSystem Inc’s recently made public that its Affiliate James R. Scott, Jr. acquired Company’s shares for reported $0.21 million on Nov 22 ’24. In the deal valued at $34.39 per share,6,067 shares were bought.
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Then, Scott Jonathan R sold 22,050 shares, generating $745,290 in total proceeds. Upon selling the shares at $33.80, the Director now owns 965,210 shares.
Before that, Scott Jonathan R sold 6,500 shares. First Interstate BancSystem Inc shares valued at $222,170 were divested by the Director at a price of $34.18 per share. As a result of the transaction, Scott Jonathan R now holds 958,710 shares, worth roughly $32.97 million.
Barclays downgraded its First Interstate BancSystem Inc [FIBK] rating to an Underweight from a an Equal weight in a research note published on October 31, 2024; the price target was decreased to $30 from $32. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early October from “an Equal weight” to “an Underweight”. Barclays began covering FIBK with “an Equal weight” recommendation on March 08, 2024. Wells Fargo revised its rating on October 04, 2023. It rated FIBK as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of FIBK
On Friday, First Interstate BancSystem Inc [NASDAQ:FIBK] saw its stock jump 1.66% to $34.39. Over the last five days, the stock has gained 3.77%. First Interstate BancSystem Inc shares have risen nearly 11.84% since the year began. Nevertheless, the stocks have risen 36.14% over the past one year. While a 52-week high of $34.53 was reached on 11/22/24, a 52-week low of $24.16 was recorded on 04/16/24. SMA at 50 days reached $31.51, while 200 days put it at $28.54.
Levels Of Support And Resistance For FIBK Stock
The 24-hour chart illustrates a support level at 33.96, which if violated will result in even more drops to 33.52. On the upside, there is a resistance level at 34.72. A further resistance level may holdings at 35.04. The Relative Strength Index (RSI) on the 14-day chart is 62.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.55%. Stochastics %K at 86.09% indicates the stock is a selling.
How much short interest is there in First Interstate BancSystem Inc?
A steep rise in short interest was recorded in First Interstate BancSystem Inc stocks on 2024-10-31, dropping by 54280.0 shares to a total of 2.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.19 million shares. There was a decline of -2.54%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 15, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $33 price target.
