First Interstate BancSystem Inc’s recently made public that its 10% Owner Scott James R. Jr unloaded Company’s shares for reported $0.21 million on Nov 22 ’24. In the deal valued at $34.50 per share,6,067 shares were sold. As a result of this transaction, Scott James R. Jr now holds 75,387 shares worth roughly $2.47 million.
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Then, James R. Scott, Jr. bought 6,067 shares, generating $208,644 in total proceeds.
Before that, Scott Jonathan R sold 22,050 shares. First Interstate BancSystem Inc shares valued at $745,290 were divested by the Director at a price of $33.80 per share. As a result of the transaction, Scott Jonathan R now holds 965,210 shares, worth roughly $31.63 million.
A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in late November from “a Neutral” to “a Buy”. Barclays also remained covering FIBK and has decreased its forecast on October 31, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Wells Fargo revised its rating on October 01, 2024. It rated FIBK as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of FIBK
On Tuesday, First Interstate BancSystem Inc [NASDAQ:FIBK] saw its stock jump 0.74% to $32.77. Over the last five days, the stock has lost -2.08%. First Interstate BancSystem Inc shares have risen nearly 7.06% since the year began. Nevertheless, the stocks have risen 5.61% over the past one year. While a 52-week high of $36.77 was reached on 11/26/24, a 52-week low of $24.16 was recorded on 04/16/24. SMA at 50 days reached $33.07, while 200 days put it at $29.35.
Levels Of Support And Resistance For FIBK Stock
The 24-hour chart illustrates a support level at 32.47, which if violated will result in even more drops to 32.17. On the upside, there is a resistance level at 32.94. A further resistance level may holdings at 33.11. The Relative Strength Index (RSI) on the 14-day chart is 46.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.35%. Stochastics %K at 36.67% indicates the stock is a holding.
How much short interest is there in First Interstate BancSystem Inc?
A steep rise in short interest was recorded in First Interstate BancSystem Inc stocks on 2024-11-29, growing by 0.17 million shares to a total of 2.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.14 million shares. There was a rise of 7.37%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 08, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $28 price target.
