The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. First Horizon Corporation shares valued at $165,716 were sold by Fleming Jeff L. on Nov 22 ’24. At $20.65 per share, Fleming Jeff L. sold 8,025 shares. The insider’s holdings dropped to 124,699 shares worth approximately $2.58 million following the completion of this transaction.
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Also, Fleming Jeff L. purchased 8,025 shares, netting a total of over 165,717 in proceeds.
Before that, BARTON HARRY V JR had sold 10,000 shares from its account. In a trade valued at $199,202, the Director traded First Horizon Corporation shares for $19.92 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $3.45 million.
As published in a research note from Wedbush on September 24, 2024, First Horizon Corporation [FHN] has been rated down from an Outperform to a Neutral and the price target has been revised to $17 from $20. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in mid July. As of July 17, 2024, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for FHN.
Analyzing FHN Stock Performance
During the last five days, there has been a drop of approximately -2.36%. Over the course of the year, First Horizon Corporation shares have jumped approximately 46.12%. Shares of the company reached a 52-week high of $21.72 on 11/25/24 and a 52-week low of $12.95 on 01/17/24. A 50-day SMA is recorded $18.05, while a 200-day SMA reached $16.04. Nevertheless, trading volume fell to 2.41 million shares from 50266.0 shares the previous day.
Support And Resistance Levels for First Horizon Corporation (FHN)
According to the 24-hour chart, there is a support level at 20.50, which, if violated, would cause prices to drop to 20.31. In the upper region, resistance lies at 20.80. The next price resistance is at 20.90. RSI (Relative Strength Index) is 63.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 54.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
