Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Flushing Financial Corp shares valued at $17,995 were purchased by Azarian Michael A on Dec 12 ’24. At $15.25 per share, Azarian Michael A acquired 1,180 shares. The insider’s holdings grew to 33,691 shares worth approximately $0.48 million following the completion of this transaction.
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Also, BURAN JOHN R purchased 2,295 shares, netting a total of over 34,999 in proceeds. Following the buying of shares at $15.25 each, the insider now holds 113,372 shares.
Before that, Cullen Susan had added 2,623 shares to its account. In a trade valued at $40,001, the SEVP bought Flushing Financial Corp shares for $15.25 each. Upon closing the transaction, the insider’s holdings increased to 2,623 shares, worth approximately $1.08 million.
As published in a research note from Piper Sandler on July 30, 2024, Flushing Financial Corp [FFIC] has been rated down from an Overweight to a Neutral and the price target has been revised to $16.50 from $15. Analysts at Raymond James started covering the stock with ‘”an Outperform”‘ outlook in a report released in late August. As of March 19, 2021, DA Davidson has initiated its “Neutral” rating for FFIC. Earlier on November 04, 2019, Keefe Bruyette downgraded its rating. Their new recommendation was “an Underperform” for FFIC stock which previously was a “a Mkt perform”.
Analyzing FFIC Stock Performance
During the last five days, there has been a drop of approximately -18.04%. Over the course of the year, Flushing Financial Corp shares have dropped approximately -13.41%. Shares of the company reached a 52-week high of $18.59 on 11/25/24 and a 52-week low of $10.74 on 04/16/24. A 50-day SMA is recorded $16.44, while a 200-day SMA reached $13.91. Nevertheless, trading volume fell to 0.77 million shares from 0.64 million shares the previous day.
Support And Resistance Levels for Flushing Financial Corp (FFIC)
According to the 24-hour chart, there is a support level at 13.78, which, if violated, would cause prices to drop to 13.29. In the upper region, resistance lies at 15.03. The next price resistance is at 15.78. RSI (Relative Strength Index) is 27.89 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.88, which suggests the price will decrease in the coming days. Percent R is at 94.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
