Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hanmi Financial Corp shares valued at $643,738 were sold by SANTAROSA ROMOLO on Nov 06 ’24. At $25.75 per share, SANTAROSA ROMOLO sold 25,000 shares. The insider’s holdings dropped to 63,126 shares worth approximately $1.41 million following the completion of this transaction.
Also, Romolo Santarosa purchased 25,000 shares, netting a total of over 643,738 in proceeds.
Before that, SANTAROSA ROMOLO had added 1,000 shares to its account. In a trade valued at $16,502, the Chief Financial Officer bought Hanmi Financial Corp shares for $16.50 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $1.17 million.
As published in a research note from Keefe Bruyette on December 04, 2024, Hanmi Financial Corp [HAFC] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $29 from $24. Analysts at Janney upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid November. As of October 24, 2024, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for HAFC. Earlier on October 02, 2024, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for HAFC stock which previously was a “a Mkt perform”.
Analyzing HAFC Stock Performance
During the last five days, there has been a drop of approximately -5.38%. Over the course of the year, Hanmi Financial Corp shares have dropped approximately -5.38%. Shares of the company reached a 52-week high of $23.80 on 01/02/25 and a 52-week low of $22.07 on 01/08/25. A 50-day SMA is recorded $24.70, while a 200-day SMA reached $19.29. Nevertheless, trading volume fell to 0.17 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for Hanmi Financial Corp (HAFC)
According to the 24-hour chart, there is a support level at 22.07, which, if violated, would cause prices to drop to 21.79. In the upper region, resistance lies at 22.63. The next price resistance is at 22.91. RSI (Relative Strength Index) is 32.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.71, which suggests the price will decrease in the coming days. Percent R is at 92.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
