Pinnacle Financial Partners Inc’s recently made public that its EVP & CFO CARPENTER HAROLD R unloaded Company’s shares for reported $0.38 million on Dec 09 ’24. In the deal valued at $125.57 per share,3,051 shares were sold. As a result of this transaction, CARPENTER HAROLD R now holds 60,805 shares worth roughly $7.12 million.
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Then, INGRAM DAVID B sold 20,000 shares, generating $2,520,400 in total proceeds. Upon selling the shares at $126.02, the Director now owns 92,565 shares.
Before that, INGRAM DAVID B sold 3,610 shares. Pinnacle Financial Partners Inc shares valued at $455,113 were divested by the Director at a price of $126.07 per share. As a result of the transaction, INGRAM DAVID B now holds 139,489 shares, worth roughly $16.32 million.
A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Mkt perform”. Hovde Group also remained covering PNFP and has decreased its forecast on November 18, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Wells Fargo revised its rating on October 01, 2024. It rated PNFP as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of PNFP
On Tuesday, Pinnacle Financial Partners Inc [NASDAQ:PNFP] saw its stock fall -1.45% to $117.03. Over the last five days, the stock has lost -3.21%. Pinnacle Financial Partners Inc shares have risen nearly 34.18% since the year began. Nevertheless, the stocks have risen 33.61% over the past one year. While a 52-week high of $131.91 was reached on 11/25/24, a 52-week low of $73.62 was recorded on 06/11/24. SMA at 50 days reached $114.51, while 200 days put it at $93.02.
Levels Of Support And Resistance For PNFP Stock
The 24-hour chart illustrates a support level at 115.70, which if violated will result in even more drops to 114.37. On the upside, there is a resistance level at 118.86. A further resistance level may holdings at 120.69. The Relative Strength Index (RSI) on the 14-day chart is 43.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.12%. Stochastics %K at 7.14% indicates the stock is a buying.
How much short interest is there in Pinnacle Financial Partners Inc?
A steep rise in short interest was recorded in Pinnacle Financial Partners Inc stocks on 2024-11-29, dropping by -0.17 million shares to a total of 1.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.99 million shares. There was a decline of -9.04%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 27, 2024 when Hovde Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $114.
