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. Primis Financial Corp shares valued at $136,300 were sold by KABBASH CHARLES A on Dec 13 ’24. At $12.19 per share, KABBASH CHARLES A sold 11,183 shares. The insider’s holdings dropped to 65,000 shares worth approximately $0.71 million following the completion of this transaction.
Also, GARRETT F L III purchased 3,660 shares, netting a total of over 45,104 in proceeds. Following the buying of shares at $12.32 each, the insider now holds 41,169 shares.
Before that, Johnson Eric Alan had added 2,000 shares to its account. In a trade valued at $24,850, the Director bought Primis Financial Corp shares for $12.43 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.38 million.
As published in their initiating research note from Stephens on April 04, 2023, Primis Financial Corp [FRST] has been an Overweight and the price target has been revised to $13. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early February. As of December 05, 2022, Piper Sandler has initiated its “Neutral” rating for FRST.
Analyzing FRST Stock Performance
During the last five days, there has been a drop of approximately -5.66%. Over the course of the year, Primis Financial Corp shares have dropped approximately -5.66%. Shares of the company reached a 52-week high of $11.80 on 01/02/25 and a 52-week low of $10.96 on 01/08/25. A 50-day SMA is recorded $12.01, while a 200-day SMA reached $11.44. Nevertheless, trading volume fell to 51968.0 shares from 57200.0 shares the previous day.
Support And Resistance Levels for Primis Financial Corp (FRST)
According to the 24-hour chart, there is a support level at 10.91, which, if violated, would cause prices to drop to 10.82. In the upper region, resistance lies at 11.14. The next price resistance is at 11.28. RSI (Relative Strength Index) is 28.86 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.39, which suggests the price will decrease in the coming days. Percent R is at 97.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
