Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Interstate BancSystem Inc shares valued at $209,312 were sold by Scott James R. Jr on Nov 22 ’24. At $34.50 per share, Scott James R. Jr sold 6,067 shares. The insider’s holdings dropped to 75,387 shares worth approximately $2.42 million following the completion of this transaction.
Also, James R. Scott, Jr. purchased 6,067 shares, netting a total of over 208,644 in proceeds.
Before that, Scott Jonathan R had sold 22,050 shares from its account. In a trade valued at $745,290, the Director traded First Interstate BancSystem Inc shares for $33.80 each. Upon closing the transaction, the insider’s holdings decreased to 22,050 shares, worth approximately $30.93 million.
Analysts at DA Davidson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late November. As of October 31, 2024, Barclays has decreased its “an Equal weight” rating to a “an Underweight” for FIBK. Earlier on October 01, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for FIBK stock which previously was a “an Equal weight”.
Analyzing FIBK Stock Performance
During the last five days, there has been a drop of approximately -3.00%. Over the course of the year, First Interstate BancSystem Inc shares have dropped approximately -1.32%. Shares of the company reached a 52-week high of $34.04 on 01/30/25 and a 52-week low of $29.88 on 01/13/25. A 50-day SMA is recorded $32.89, while a 200-day SMA reached $30.40. Nevertheless, trading volume fell to 0.57 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for First Interstate BancSystem Inc (FIBK)
According to the 24-hour chart, there is a support level at 31.75, which, if violated, would cause prices to drop to 31.46. In the upper region, resistance lies at 32.42. The next price resistance is at 32.80. RSI (Relative Strength Index) is 45.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.40, which suggests the price will decrease in the coming days. Percent R is at 71.48%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
