Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hanmi Financial Corp shares valued at $643,738 were sold by SANTAROSA ROMOLO on Nov 06 ’24. At $25.75 per share, SANTAROSA ROMOLO sold 25,000 shares. The insider’s holdings dropped to 63,126 shares worth approximately $1.69 million following the completion of this transaction.
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Also, Romolo Santarosa purchased 25,000 shares, netting a total of over 643,738 in proceeds.
Before that, SANTAROSA ROMOLO had added 1,000 shares to its account. In a trade valued at $16,502, the Chief Financial Officer bought Hanmi Financial Corp shares for $16.50 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $1.4 million.
As published in a research note from Janney on November 15, 2024, Hanmi Financial Corp [HAFC] has been rated up from a Neutral to a Buy. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in late October. As of October 02, 2024, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for HAFC. Earlier on May 18, 2022, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” for HAFC stock which previously was a “a Buy”.
Analyzing HAFC Stock Performance
During the last five days, there has been a surge of approximately 5.52%. Over the course of the year, Hanmi Financial Corp shares have jumped approximately 37.89%. Shares of the company reached a 52-week high of $27.59 on 11/25/24 and a 52-week low of $14.45 on 04/16/24. A 50-day SMA is recorded $22.05, while a 200-day SMA reached $18.03. Nevertheless, trading volume fell to 0.16 million shares from 0.18 million shares the previous day.
Support And Resistance Levels for Hanmi Financial Corp (HAFC)
According to the 24-hour chart, there is a support level at 26.50, which, if violated, would cause prices to drop to 26.25. In the upper region, resistance lies at 27.20. The next price resistance is at 27.65. RSI (Relative Strength Index) is 71.16 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.93, which suggests the price will decrease in the coming days. Percent R is at 28.09%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
