Hope Bancorp Inc’s filing revealed that its Director Malone David P unloaded Company’s shares for reported $0.39 million on Dec 10 ’24. In the deal valued at $13.50 per share,28,763 shares were sold. As a result of this transaction, Malone David P now holds 81,228 shares worth roughly $0.98 million.
Then, Malone David P bought 28,796 shares, generating $391,050 in total proceeds.
Before that, Stenger Thomas sold 1,250 shares. Hope Bancorp Inc shares valued at $16,975 were divested by the SEVP, Chief Risk Officer at a price of $13.58 per share. As a result of the transaction, Stenger Thomas now holds 23,452 shares, worth roughly $0.28 million.
DA Davidson upgraded its Hope Bancorp Inc [HOPE] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Neutral”. DA Davidson also remained covering HOPE and has increased its forecast on November 15, 2021 with a “Buy” recommendation from previously “Neutral” rating. Raymond James revised its rating on November 02, 2017. It rated HOPE as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of HOPE
On Friday, Hope Bancorp Inc [NASDAQ:HOPE] saw its stock jump 0.92% to $12.09. Over the last five days, the stock has lost -2.74%. Hope Bancorp Inc shares have fallen nearly -1.63% since the year began. Nevertheless, the stocks have risen 4.22% over the past one year. While a 52-week high of $14.53 was reached on 01/02/25, a 52-week low of $9.80 was recorded on 01/03/25. SMA at 50 days reached $13.06, while 200 days put it at $11.90.
Levels Of Support And Resistance For HOPE Stock
The 24-hour chart illustrates a support level at 11.87, which if violated will result in even more drops to 11.65. On the upside, there is a resistance level at 12.22. A further resistance level may holdings at 12.34. The Relative Strength Index (RSI) on the 14-day chart is 35.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.44%. Stochastics %K at 13.42% indicates the stock is a buying.
How much short interest is there in Hope Bancorp Inc?
A steep rise in short interest was recorded in Hope Bancorp Inc stocks on 2024-12-13, dropping by 22203.0 shares to a total of 2.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.14 million shares. There was a decline of -1.05%, which implies that there is a negative sentiment for the stock.
