Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SmartFinancial Inc shares valued at $242,406 were sold by PRESLEY JOHN M on Dec 09 ’24. At $35.05 per share, PRESLEY JOHN M sold 6,916 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, PRESLEY JOHN M sold 10,140 shares, netting a total of over 360,376 in proceeds. Following the sale of shares at $35.54 each, the insider now holds 6,916 shares.
Before that, PRESLEY JOHN M had sold 10,517 shares from its account. In a trade valued at $379,138, the Director traded SmartFinancial Inc shares for $36.05 each. Upon closing the transaction, the insider’s holdings decreased to 10,517 shares, worth approximately $0.52 million.
As published in a research note from Stephens on December 09, 2024, SmartFinancial Inc [SMBK] has been rated down from an Overweight to an Equal-weight. Analysts at Hovde Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in late October. As of July 24, 2024, Hovde Group has reiterated its “Market perform” rating for SMBK. Earlier on July 24, 2024, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for SMBK stock which previously was a “an Overweight”.
Analyzing SMBK Stock Performance
During the last five days, there has been a drop of approximately -2.52%. Over the course of the year, SmartFinancial Inc shares have dropped approximately -2.52%. Shares of the company reached a 52-week high of $31.70 on 01/06/25 and a 52-week low of $29.94 on 01/08/25. A 50-day SMA is recorded $34.06, while a 200-day SMA reached $27.40. Nevertheless, trading volume fell to 60555.0 shares from 47000.0 shares the previous day.
Support And Resistance Levels for SmartFinancial Inc (SMBK)
According to the 24-hour chart, there is a support level at 29.94, which, if violated, would cause prices to drop to 29.67. In the upper region, resistance lies at 30.47. The next price resistance is at 30.73. RSI (Relative Strength Index) is 26.82 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.51, which suggests the price will decrease in the coming days. Percent R is at 93.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
