Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pinnacle Financial Partners Inc shares valued at $383,114 were sold by CARPENTER HAROLD R on Dec 09 ’24. At $125.57 per share, CARPENTER HAROLD R sold 3,051 shares. The insider’s holdings dropped to 60,805 shares worth approximately $7.29 million following the completion of this transaction.
Also, INGRAM DAVID B sold 20,000 shares, netting a total of over 2,520,400 in proceeds. Following the sale of shares at $126.02 each, the insider now holds 92,565 shares.
Before that, INGRAM DAVID B had sold 3,610 shares from its account. In a trade valued at $455,113, the Director traded Pinnacle Financial Partners Inc shares for $126.07 each. Upon closing the transaction, the insider’s holdings decreased to 3,610 shares, worth approximately $16.73 million.
As published in a research note from Barclays on December 19, 2024, Pinnacle Financial Partners Inc [PNFP] has been rated up from an Equal weight to an Overweight and the price target has been revised to $135 from $120. As of December 04, 2024, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for PNFP. Earlier on November 18, 2024, Hovde Group downgraded its rating. Their new recommendation was “a Market perform” for PNFP stock which previously was a “an Outperform”.
Analyzing PNFP Stock Performance
During the last five days, there has been a surge of approximately 5.07%. Over the course of the year, Pinnacle Financial Partners Inc shares have jumped approximately 4.87%. Shares of the company reached a 52-week high of $122.74 on 01/15/25 and a 52-week low of $110.66 on 01/13/25. A 50-day SMA is recorded $119.01, while a 200-day SMA reached $95.85. Nevertheless, trading volume fell to 0.54 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Pinnacle Financial Partners Inc (PNFP)
According to the 24-hour chart, there is a support level at 118.13, which, if violated, would cause prices to drop to 116.31. In the upper region, resistance lies at 122.26. The next price resistance is at 124.57. RSI (Relative Strength Index) is 58.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.01, which suggests the price will increase in the coming days. Percent R is at 23.01%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
