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Recent Insider Activity Could Benefit Home Bancshares Inc (HOMB)

Home Bancshares Inc’s filing revealed that its Director KEY COLONY FUND LP acquired Company’s shares for reported $1.71 million on Nov 26 ’24. In the deal valued at $31.03 per share,55,000 shares were bought.

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Then, LIEBLONG ALEX R sold 55,000 shares, generating $1,801,250 in total proceeds. Upon selling the shares at $32.75, the Director now owns 0 shares.

Before that, Hickman James Pat sold 63,997 shares. Home Bancshares Inc shares valued at $1,969,388 were divested by the Director at a price of $30.77 per share. As a result of the transaction, Hickman James Pat now holds 175,500 shares, worth roughly $5.22 million.

Citigroup initiated its Home Bancshares Inc [HOMB] rating to a Neutral in a research note published on December 01, 2023; the price target was $23. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Mkt perform”. Raymond James also remained covering HOMB and has decreased its forecast on July 16, 2021 with a “Mkt perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on April 17, 2020. It rated HOMB as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of HOMB

On Tuesday, Home Bancshares Inc [NYSE:HOMB] saw its stock fall -2.27% to $29.77. Over the last five days, the stock has lost -2.33%. Home Bancshares Inc shares have risen nearly 17.53% since the year began. Nevertheless, the stocks have risen 19.13% over the past one year. While a 52-week high of $32.90 was reached on 11/25/24, a 52-week low of $22.38 was recorded on 04/16/24. SMA at 50 days reached $29.24, while 200 days put it at $26.09.

Levels Of Support And Resistance For HOMB Stock

The 24-hour chart illustrates a support level at 29.37, which if violated will result in even more drops to 28.97. On the upside, there is a resistance level at 30.37. A further resistance level may holdings at 30.96. The Relative Strength Index (RSI) on the 14-day chart is 42.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.13%. Stochastics %K at 10.08% indicates the stock is a buying.

How much short interest is there in Home Bancshares Inc?

A steep rise in short interest was recorded in Home Bancshares Inc stocks on 2024-11-29, growing by 60473.0 shares to a total of 4.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.06 million shares. There was a rise of 1.47%, which implies that there is a positive sentiment for the stock.

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