Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. FB Financial Corp shares valued at $291,100 were sold by CROSS JAMES W IV on Nov 11 ’24. At $58.22 per share, CROSS JAMES W IV sold 5,000 shares. The insider’s holdings dropped to 54,078 shares worth approximately $3.05 million following the completion of this transaction.
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Also, Ayers James W. purchased 2,000 shares, netting a total of over 111,400 in proceeds. Following the buying of shares at $55.70 each, the insider now holds 10,908,841 shares.
Before that, Ayers James W. had added 1,000 shares to its account. In a trade valued at $57,150, the 10% Owner bought FB Financial Corp shares for $57.15 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $614.33 million.
As published in a research note from Hovde Group on November 18, 2024, FB Financial Corp [FBK] has been rated down from an Outperform to a Market perform and the price target has been revised to $60. Analysts at Hovde Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late October. As of July 17, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for FBK. Earlier on May 23, 2024, Stephens upgraded its rating. Their new recommendation was “an Overweight” for FBK stock which previously was a “an Equal-weight”.
Analyzing FBK Stock Performance
During the last five days, there has been a surge of approximately 3.63%. Over the course of the year, FB Financial Corp shares have jumped approximately 41.30%. Shares of the company reached a 52-week high of $58.88 on 11/13/24 and a 52-week low of $33.35 on 04/16/24. A 50-day SMA is recorded $50.33, while a 200-day SMA reached $42.31. Nevertheless, trading volume fell to 91817.0 shares from 0.17 million shares the previous day.
Support And Resistance Levels for FB Financial Corp (FBK)
According to the 24-hour chart, there is a support level at 55.85, which, if violated, would cause prices to drop to 55.38. In the upper region, resistance lies at 57.23. The next price resistance is at 58.14. RSI (Relative Strength Index) is 61.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.72, which suggests the price will decrease in the coming days. Percent R is at 49.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
