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A company insider recently bought 10,000 shares of Home Bancshares Inc [HOMB]. Should You Buy?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Home Bancshares Inc shares valued at $307,585 were purchased by ALLISON JOHN W on Jan 21 ’25. At $30.76 per share, ALLISON JOHN W acquired 10,000 shares. The insider’s holdings grew to 5,693,182 shares worth approximately $169.88 million following the completion of this transaction.

Also, KEY COLONY FUND LP purchased 55,000 shares, netting a total of over 1,706,904 in proceeds.

Before that, LIEBLONG ALEX R had sold 55,000 shares from its account. In a trade valued at $1,801,250, the Director traded Home Bancshares Inc shares for $32.75 each. Upon closing the transaction, the insider’s holdings decreased to 55,000 shares, worth approximately $0.0.

As published in a research note from Hovde Group on January 17, 2025, Home Bancshares Inc [HOMB] has been retained to an Outperform and the price target has been revised to $35. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in early December. As of December 13, 2022, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for HOMB. Earlier on July 16, 2021, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for HOMB stock which previously was a “an Outperform”.

Analyzing HOMB Stock Performance

During the last five days, there has been a surge of approximately 4.85%. Over the course of the year, Home Bancshares Inc shares have jumped approximately 5.44%. Shares of the company reached a 52-week high of $30.88 on 01/21/25 and a 52-week low of $27.03 on 01/10/25. A 50-day SMA is recorded $29.83, while a 200-day SMA reached $26.62. Nevertheless, trading volume fell to 1.92 million shares from 1.41 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 29.68, which, if violated, would cause prices to drop to 29.52. In the upper region, resistance lies at 30.13. The next price resistance is at 30.43. RSI (Relative Strength Index) is 57.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.50, which suggests the price will increase in the coming days. Percent R is at 26.92%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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