Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. First Bancorp PR shares valued at $308,007 were sold by Heffern John A. on Nov 29 ’24. At $20.53 per share, Heffern John A. sold 15,000 shares. The insider’s holdings dropped to 74,570 shares worth approximately $1.37 million following the completion of this transaction.
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Also, Kafka Donald sold 80,000 shares, netting a total of over 1,751,480 in proceeds. Following the sale of shares at $21.89 each, the insider now holds 94,589 shares.
Before that, Donald L. Kafka had added 80,000 shares to its account. In a trade valued at $1,728,000, the Officer bought First Bancorp PR shares for $21.60 each.
As published in a research note from Hovde Group on October 25, 2024, First Bancorp PR [FBP] has been retained to an Outperform and the price target has been revised to $24. As of July 24, 2024, Hovde Group has reiterated its “an Outperform” rating for FBP. Earlier on July 09, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for FBP stock.
Analyzing FBP Stock Performance
During the last five days, there has been a drop of approximately -8.08%. Over the course of the year, First Bancorp PR shares have jumped approximately 11.31%. Shares of the company reached a 52-week high of $22.40 on 11/06/24 and a 52-week low of $15.15 on 01/17/24. A 50-day SMA is recorded $20.41, while a 200-day SMA reached $19.19. Nevertheless, trading volume fell to 1.49 million shares from 1.05 million shares the previous day.
Support And Resistance Levels for First Bancorp PR (FBP)
According to the 24-hour chart, there is a support level at 18.03, which, if violated, would cause prices to drop to 17.76. In the upper region, resistance lies at 18.79. The next price resistance is at 19.28. RSI (Relative Strength Index) is 26.83 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.21, which suggests the price will decrease in the coming days. Percent R is at 97.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
