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First Commonwealth Financial Corp (FCF) receives a Neutral rating from Janney

First Commonwealth Financial Corp’s filing revealed that its EVP/Chief Lending Officer McCuen Michael P acquired Company’s shares for reported $49594.0 on Sep 23 ’24. In the deal valued at $16.99 per share,2,919 shares were bought. As a result of this transaction, McCuen Michael P now holds 57,623 shares worth roughly $1.09 million.

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Then, KARRIP BRIAN G sold 8,926 shares, generating $116,841 in total proceeds. Upon selling the shares at $13.09, the EVP/Chief Credit Officer now owns 52,036 shares.

Janney downgraded its First Commonwealth Financial Corp [FCF] rating to a Neutral from a a Buy in a research note published on July 29, 2024; the price target was increased to $19 from $16. A number of analysts have revised their coverage, including Stephens’s analysts, who increased its forecast for the stock in mid May from “an Equal-weight” to “an Overweight”. Raymond James also remained covering FCF and has decreased its forecast on February 21, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. Janney started covering the stock on September 29, 2022. It rated FCF as “a Buy”.

Price Performance Review of FCF

On Monday, First Commonwealth Financial Corp [NYSE:FCF] saw its stock unchanged to $18.83. Over the last five days, the stock has lost -1.98%. First Commonwealth Financial Corp shares have risen nearly 21.96% since the year began. Nevertheless, the stocks have risen 40.84% over the past one year. While a 52-week high of $19.96 was reached on 11/25/24, a 52-week low of $12.41 was recorded on 04/16/24. SMA at 50 days reached $17.52, while 200 days put it at $15.27.

Levels Of Support And Resistance For FCF Stock

The 24-hour chart illustrates a support level at 18.61, which if violated will result in even more drops to 18.38. On the upside, there is a resistance level at 19.04. A further resistance level may holdings at 19.24. The Relative Strength Index (RSI) on the 14-day chart is 57.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.66%. Stochastics %K at 35.33% indicates the stock is a holding.

How much short interest is there in First Commonwealth Financial Corp?

A steep rise in short interest was recorded in First Commonwealth Financial Corp stocks on 2024-11-15, dropping by -0.18 million shares to a total of 0.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.15 million shares. There was a decline of -18.42%, which implies that there is a negative sentiment for the stock.

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