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Recent Insider Activity Suggests Potential Gains for Central Pacific Financial Corp (CPF)

In a filing, Central Pacific Financial Corp revealed its Director Ngo Agnes Catherine unloaded Company’s shares for reported $75556.0 on Jul 12 ’24. In the deal valued at $22.67 per share,3,333 shares were sold. As a result of this transaction, Ngo Agnes Catherine now holds 75,357 shares worth roughly $2.17 million.

Then, Ngo Agnes Catherine sold 3,333 shares, generating $67,360 in total proceeds. Upon selling the shares at $20.21, the Director now owns 78,690 shares.

Before that, Ngo Agnes Catherine sold 3,333 shares. Central Pacific Financial Corp shares valued at $70,629 were divested by the Director at a price of $21.19 per share. As a result of the transaction, Ngo Agnes Catherine now holds 82,023 shares, worth roughly $2.37 million.

Raymond James downgraded its Central Pacific Financial Corp [CPF] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Compass Point’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. Raymond James also remained covering CPF and has increased its forecast on March 11, 2021 with a “an Outperform” recommendation from previously “Mkt perform” rating. Piper Sandler revised its rating on January 28, 2021. It rated CPF as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of CPF

On Tuesday, Central Pacific Financial Corp [NYSE:CPF] saw its stock jump 0.28% to $28.84. Over the last five days, the stock has lost -4.57%. Central Pacific Financial Corp shares have risen nearly 46.54% since the year began. Nevertheless, the stocks have risen 45.00% over the past one year. While a 52-week high of $33.25 was reached on 11/25/24, a 52-week low of $18.00 was recorded on 02/13/24. SMA at 50 days reached $30.10, while 200 days put it at $24.76.

Levels Of Support And Resistance For CPF Stock

The 24-hour chart illustrates a support level at 28.50, which if violated will result in even more drops to 28.15. On the upside, there is a resistance level at 29.09. A further resistance level may holdings at 29.33. The Relative Strength Index (RSI) on the 14-day chart is 37.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.50%. Stochastics %K at 15.72% indicates the stock is a buying.

How much short interest is there in Central Pacific Financial Corp?

A steep rise in short interest was recorded in Central Pacific Financial Corp stocks on 2024-11-29, dropping by -0.1 million shares to a total of 0.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.74 million shares. There was a decline of -16.48%, which implies that there is a negative sentiment for the stock.

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