In a filing, First Horizon Corporation revealed its Chairman, President & CEO JORDAN D BRYAN unloaded Company’s shares for reported $2.32 million on Jan 22 ’25. In the deal valued at $21.13 per share,109,980 shares were sold. As a result of this transaction, JORDAN D BRYAN now holds 1,861,381 shares worth roughly $40.75 million.
Then, JORDAN D BRYAN bought 109,980 shares, generating $2,323,651 in total proceeds.
Before that, Fleming Jeff L. sold 8,025 shares. First Horizon Corporation shares valued at $165,716 were divested by the EVP & Chief Accounting Officer at a price of $20.65 per share. As a result of the transaction, Fleming Jeff L. now holds 124,699 shares, worth roughly $2.73 million.
A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in late September from “an Outperform” to “a Neutral”. Raymond James also remained covering FHN and has decreased its forecast on July 18, 2024 with a “an Outperform” recommendation from previously “Strong buy” rating. Keefe Bruyette revised its rating on July 17, 2024. It rated FHN as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of FHN
On Friday, First Horizon Corporation [NYSE:FHN] saw its stock fall -0.23% to $21.89. Over the last five days, the stock has gained 3.84%. First Horizon Corporation shares have risen nearly 8.69% since the year began. Nevertheless, the stocks have risen 47.81% over the past one year. While a 52-week high of $22.09 was reached on 01/31/25, a 52-week low of $13.45 was recorded on 01/03/25. SMA at 50 days reached $20.61, while 200 days put it at $17.16.
Levels Of Support And Resistance For FHN Stock
The 24-hour chart illustrates a support level at 21.68, which if violated will result in even more drops to 21.48. On the upside, there is a resistance level at 22.10. A further resistance level may holdings at 22.31. The Relative Strength Index (RSI) on the 14-day chart is 66.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.33%. Stochastics %K at 86.77% indicates the stock is a selling.
How much short interest is there in First Horizon Corporation?
A steep rise in short interest was recorded in First Horizon Corporation stocks on 2024-12-31, growing by 1.43 million shares to a total of 11.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 10.28 million shares. There was a rise of 12.22%, which implies that there is a positive sentiment for the stock.
