Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Financial Bancorp shares valued at $160,974 were sold by Harris Gregory A on Nov 26 ’24. At $29.81 per share, Harris Gregory A sold 5,400 shares. The insider’s holdings dropped to 37,879 shares worth approximately $1.02 million following the completion of this transaction.
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Also, Harris Gregory A purchased 5,400 shares, netting a total of over 160,976 in proceeds.
Before that, ANDERSON JAMES M had sold 7,632 shares from its account. In a trade valued at $233,921, the Chief Financial Officer traded First Financial Bancorp shares for $30.65 each. Upon closing the transaction, the insider’s holdings decreased to 7,632 shares, worth approximately $2.56 million.
As published in a research note from Stephens on December 09, 2024, First Financial Bancorp [FFBC] has been rated up from an Equal-weight to an Overweight. As of July 10, 2023, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for FFBC. Earlier on March 03, 2021, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for FFBC stock which previously was a “an Overweight”.
Analyzing FFBC Stock Performance
During the last five days, there has been a drop of approximately -8.02%. Over the course of the year, First Financial Bancorp shares have jumped approximately 13.52%. Shares of the company reached a 52-week high of $31.18 on 11/25/24 and a 52-week low of $20.59 on 06/11/24. A 50-day SMA is recorded $27.66, while a 200-day SMA reached $24.48. Nevertheless, trading volume fell to 0.64 million shares from 0.38 million shares the previous day.
Support And Resistance Levels for First Financial Bancorp (FFBC)
According to the 24-hour chart, there is a support level at 26.22, which, if violated, would cause prices to drop to 25.47. In the upper region, resistance lies at 28.31. The next price resistance is at 29.65. RSI (Relative Strength Index) is 35.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.64, which suggests the price will decrease in the coming days. Percent R is at 96.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
