Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Home Bancshares Inc shares valued at $1,706,904 were purchased by KEY COLONY FUND LP on Nov 26 ’24. At $31.03 per share, KEY COLONY FUND LP acquired 55,000 shares.
Also, LIEBLONG ALEX R sold 55,000 shares, netting a total of over 1,801,250 in proceeds. Following the sale of shares at $32.75 each, the insider now holds 0 shares.
Before that, Hickman James Pat had sold 63,997 shares from its account. In a trade valued at $1,969,388, the Director traded Home Bancshares Inc shares for $30.77 each. Upon closing the transaction, the insider’s holdings decreased to 63,997 shares, worth approximately $5.11 million.
As published in their initiating research note from Citigroup on December 01, 2023, Home Bancshares Inc [HOMB] has been a Neutral and the price target has been revised to $23. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid December. As of July 16, 2021, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for HOMB. Earlier on April 17, 2020, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for HOMB stock which previously was a “a Mkt perform”.
Analyzing HOMB Stock Performance
During the last five days, there has been a surge of approximately 4.30%. Over the course of the year, Home Bancshares Inc shares have jumped approximately 2.86%. Shares of the company reached a 52-week high of $29.43 on 01/15/25 and a 52-week low of $27.03 on 01/10/25. A 50-day SMA is recorded $29.68, while a 200-day SMA reached $26.50. Nevertheless, trading volume fell to 1.22 million shares from 1.17 million shares the previous day.
Support And Resistance Levels for Home Bancshares Inc (HOMB)
According to the 24-hour chart, there is a support level at 28.76, which, if violated, would cause prices to drop to 28.40. In the upper region, resistance lies at 29.45. The next price resistance is at 29.78. RSI (Relative Strength Index) is 53.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 13.33%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
