The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. First Bancorp shares valued at $274,308 were sold by CRAWFORD JAMES C III on Nov 26 ’24. At $49.22 per share, CRAWFORD JAMES C III sold 5,573 shares. The insider’s holdings dropped to 67,752 shares worth approximately $2.87 million following the completion of this transaction.
Also, JAMES C CRAWFORD III purchased 5,573 shares, netting a total of over 274,303 in proceeds.
Before that, HERENCIA ROBERTO R had added 100,000 shares to its account. In a trade valued at $2,200,000, the Director bought First Bancorp shares for $22.00 each.
As published in a research note from DA Davidson on September 14, 2023, First Bancorp [FBNC] has been rated up from a Neutral to a Buy and the price target has been revised to $34 from $36.50. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late July. As of August 18, 2022, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for FBNC. Earlier on August 01, 2022, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” for FBNC stock which previously was a “a Buy”.
Analyzing FBNC Stock Performance
During the last five days, there has been a drop of approximately -3.82%. Over the course of the year, First Bancorp shares have dropped approximately -3.82%. Shares of the company reached a 52-week high of $46.17 on 01/02/25 and a 52-week low of $42.05 on 01/08/25. A 50-day SMA is recorded $45.47, while a 200-day SMA reached $38.83. Nevertheless, trading volume fell to 0.11 million shares from 0.14 million shares the previous day.
Support And Resistance Levels for First Bancorp (FBNC)
According to the 24-hour chart, there is a support level at 41.96, which, if violated, would cause prices to drop to 41.63. In the upper region, resistance lies at 42.70. The next price resistance is at 43.12. RSI (Relative Strength Index) is 33.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.14, which suggests the price will decrease in the coming days. Percent R is at 95.79%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
