Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Primis Financial Corp shares valued at $19,812 were purchased by Diaz Deborah on Mar 15 ’24. At $12.01 per share, Diaz Deborah acquired 1,650 shares. The insider’s holdings grew to 16,464 shares worth approximately $0.21 million following the completion of this transaction.
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Also, COOK WILLIAM RAND purchased 2,110 shares, netting a total of over 24,972 in proceeds. Following the buying of shares at $11.84 each, the insider now holds 26,332 shares.
Before that, COOK WILLIAM RAND had added 1,650 shares to its account. In a trade valued at $20,130, the Director bought Primis Financial Corp shares for $12.20 each. Upon closing the transaction, the insider’s holdings increased to 1,650 shares, worth approximately $94212.5.
As published in their initiating research note from Stephens on April 04, 2023, Primis Financial Corp [FRST] has been an Overweight and the price target has been revised to $13. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early February. As of December 05, 2022, Piper Sandler has initiated its “Neutral” rating for FRST.
Analyzing FRST Stock Performance
During the last five days, there has been a surge of approximately 2.38%. Over the course of the year, Primis Financial Corp shares have dropped approximately -1.26%. Shares of the company reached a 52-week high of $13.69 on 01/30/24 and a 52-week low of $9.52 on 06/21/24. A 50-day SMA is recorded $11.99, while a 200-day SMA reached $11.48. Nevertheless, trading volume fell to 0.1 million shares from 0.13 million shares the previous day.
Support And Resistance Levels for Primis Financial Corp (FRST)
According to the 24-hour chart, there is a support level at 12.43, which, if violated, would cause prices to drop to 12.35. In the upper region, resistance lies at 12.63. The next price resistance is at 12.75. RSI (Relative Strength Index) is 57.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.28, which suggests the price will decrease in the coming days. Percent R is at 48.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
