First Horizon Corporation’s recently made public that its EVP & Chief Accounting Officer Fleming Jeff L. unloaded Company’s shares for reported $0.17 million on Nov 22 ’24. In the deal valued at $20.65 per share,8,025 shares were sold. As a result of this transaction, Fleming Jeff L. now holds 124,699 shares worth roughly $2.53 million.
Then, Fleming Jeff L. bought 8,025 shares, generating $165,717 in total proceeds.
Before that, BARTON HARRY V JR sold 10,000 shares. First Horizon Corporation shares valued at $199,202 were divested by the Director at a price of $19.92 per share. As a result of the transaction, BARTON HARRY V JR now holds 166,840 shares, worth roughly $3.38 million.
A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in late September from “an Outperform” to “a Neutral”. Raymond James also remained covering FHN and has decreased its forecast on July 18, 2024 with a “an Outperform” recommendation from previously “Strong buy” rating. Keefe Bruyette revised its rating on July 17, 2024. It rated FHN as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of FHN
On Friday, First Horizon Corporation [NYSE:FHN] saw its stock jump 1.30% to $20.26. Over the last five days, the stock has lost -1.27%. First Horizon Corporation shares have risen nearly 0.60% since the year began. Nevertheless, the stocks have risen 43.79% over the past one year. While a 52-week high of $21.72 was reached on 01/02/25, a 52-week low of $12.95 was recorded on 01/03/25. SMA at 50 days reached $19.68, while 200 days put it at $16.60.
Levels Of Support And Resistance For FHN Stock
The 24-hour chart illustrates a support level at 19.85, which if violated will result in even more drops to 19.44. On the upside, there is a resistance level at 20.51. A further resistance level may holdings at 20.76. The Relative Strength Index (RSI) on the 14-day chart is 53.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.86%. Stochastics %K at 64.99% indicates the stock is a holding.
How much short interest is there in First Horizon Corporation?
A steep rise in short interest was recorded in First Horizon Corporation stocks on 2024-12-13, dropping by -0.17 million shares to a total of 9.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 10.16 million shares. There was a decline of -1.74%, which implies that there is a negative sentiment for the stock.
