Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Horizon Corporation shares valued at $2,323,651 were purchased by JORDAN D BRYAN on Jan 22 ’25. At $21.13 per share, JORDAN D BRYAN acquired 109,980 shares.
Also, Fleming Jeff L. sold 8,025 shares, netting a total of over 165,716 in proceeds. Following the sale of shares at $20.65 each, the insider now holds 124,699 shares.
Before that, Fleming Jeff L. had added 8,025 shares to its account. In a trade valued at $165,717, the Officer bought First Horizon Corporation shares for $20.65 each.
Analysts at Wedbush downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late September. As of July 18, 2024, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for FHN. Earlier on July 17, 2024, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for FHN stock which previously was a “an Outperform”.
Analyzing FHN Stock Performance
During the last five days, there has been a surge of approximately 0.77%. Over the course of the year, First Horizon Corporation shares have jumped approximately 4.22%. Shares of the company reached a 52-week high of $21.82 on 01/21/25 and a 52-week low of $19.69 on 01/03/25. A 50-day SMA is recorded $20.41, while a 200-day SMA reached $16.92. Nevertheless, trading volume fell to 6.95 million shares from 6.69 million shares the previous day.
Support And Resistance Levels for First Horizon Corporation (FHN)
According to the 24-hour chart, there is a support level at 20.83, which, if violated, would cause prices to drop to 20.68. In the upper region, resistance lies at 21.30. The next price resistance is at 21.61. RSI (Relative Strength Index) is 56.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.62, which suggests the price will decrease in the coming days. Percent R is at 38.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
