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. Orrstown Financial Services, Inc shares valued at $151,280 were sold by Hornberger David Todd on Oct 29 ’24. At $37.82 per share, Hornberger David Todd sold 4,000 shares. The insider’s holdings dropped to 20,877 shares worth approximately $0.73 million following the completion of this transaction.
Also, Joiner Cindy Jeannette purchased 221 shares, netting a total of over 8,360 in proceeds. Following the buying of shares at $37.83 each, the insider now holds 22,063 shares.
Before that, Hornberger David Todd had added 4,000 shares to its account. In a trade valued at $150,200, the Officer bought Orrstown Financial Services, Inc shares for $37.55 each.
Analysts at Hovde Group downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid November. As of October 23, 2024, Hovde Group has reiterated its “an Outperform” rating for ORRF. Earlier on July 24, 2024, Hovde Group resumed its rating. Their recommendation was “an Outperform” for ORRF stock.
Analyzing ORRF Stock Performance
During the last five days, there has been a drop of approximately -4.15%. Over the course of the year, Orrstown Financial Services, Inc shares have dropped approximately -4.15%. Shares of the company reached a 52-week high of $37.17 on 01/02/25 and a 52-week low of $34.81 on 01/08/25. A 50-day SMA is recorded $38.49, while a 200-day SMA reached $32.35. Nevertheless, trading volume fell to 0.11 million shares from 74300.0 shares the previous day.
Support And Resistance Levels for Orrstown Financial Services, Inc (ORRF)
According to the 24-hour chart, there is a support level at 34.80, which, if violated, would cause prices to drop to 34.51. In the upper region, resistance lies at 35.39. The next price resistance is at 35.69. RSI (Relative Strength Index) is 26.77 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.90, which suggests the price will decrease in the coming days. Percent R is at 93.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
