Orrstown Financial Services, Inc’s recent filing unveils that its EVP, Market President Hornberger David Todd unloaded Company’s shares for reported $0.15 million on Oct 29 ’24. In the deal valued at $37.82 per share,4,000 shares were sold. As a result of this transaction, Hornberger David Todd now holds 20,877 shares worth roughly $0.75 million.
Then, Joiner Cindy Jeannette bought 221 shares, generating $8,360 in total proceeds. Upon buying the shares at $37.83, the Director now owns 22,063 shares.
Before that, Hornberger David Todd bought 4,000 shares. Orrstown Financial Services, Inc shares valued at $150,200 were divested by the Officer at a price of $37.55 per share.
A number of analysts have revised their coverage, including Hovde Group’s analysts, who decreased its forecast for the stock in mid November from “an Outperform” to “a Market perform”. Hovde Group also remained covering ORRF and reiterated its “an Outperform” recommendation on October 23, 2024. Hovde Group maintained its rating on July 24, 2024. It rated ORRF as “an Outperform”.
Price Performance Review of ORRF
On Friday, Orrstown Financial Services, Inc [NASDAQ:ORRF] saw its stock jump 0.42% to $36.06. Over the last five days, the stock has gained 6.12%. Orrstown Financial Services, Inc shares have fallen nearly -1.50% since the year began. Nevertheless, the stocks have risen 29.95% over the past one year. While a 52-week high of $41.99 was reached on 01/02/25, a 52-week low of $24.70 was recorded on 01/10/25. SMA at 50 days reached $38.21, while 200 days put it at $32.62.
Levels Of Support And Resistance For ORRF Stock
The 24-hour chart illustrates a support level at 35.69, which if violated will result in even more drops to 35.31. On the upside, there is a resistance level at 36.47. A further resistance level may holdings at 36.87. The Relative Strength Index (RSI) on the 14-day chart is 45.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.37%. Stochastics %K at 68.87% indicates the stock is a holding.
How much short interest is there in Orrstown Financial Services, Inc?
A steep rise in short interest was recorded in Orrstown Financial Services, Inc stocks on 2024-12-31, growing by 33449.0 shares to a total of 0.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.15 million shares. There was a rise of 18.09%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 28, 2024 when Janney began covering the stock and recommended ‘”a Buy”‘ rating along with a $32 price target.
