Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pinnacle Financial Partners Inc shares valued at $4,552,208 were sold by MCCABE ROBERT A JR on Feb 24 ’25. At $113.81 per share, MCCABE ROBERT A JR sold 40,000 shares. The insider’s holdings dropped to 83,000 shares worth approximately $9.41 million following the completion of this transaction.
Also, TURNER M TERRY purchased 10,000 shares, netting a total of over 1,129,850 in proceeds.
Before that, INGRAM DAVID B had sold 40,000 shares from its account. In a trade valued at $5,060,000, the Director traded Pinnacle Financial Partners Inc shares for $126.50 each. Upon closing the transaction, the insider’s holdings decreased to 40,000 shares, worth approximately $4.65 million.
As published in a research note from Barclays on December 19, 2024, Pinnacle Financial Partners Inc [PNFP] has been rated up from an Equal weight to an Overweight and the price target has been revised to $135 from $120. As of December 04, 2024, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for PNFP. Earlier on November 18, 2024, Hovde Group downgraded its rating. Their new recommendation was “a Market perform” for PNFP stock which previously was a “an Outperform”.
Analyzing PNFP Stock Performance
During the last five days, there has been a drop of approximately -6.20%. Over the course of the year, Pinnacle Financial Partners Inc shares have dropped approximately -0.86%. Shares of the company reached a 52-week high of $127.85 on 01/30/25 and a 52-week low of $110.66 on 01/13/25. A 50-day SMA is recorded $118.42, while a 200-day SMA reached $101.47. Nevertheless, trading volume fell to 0.59 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for Pinnacle Financial Partners Inc (PNFP)
According to the 24-hour chart, there is a support level at 112.19, which, if violated, would cause prices to drop to 110.97. In the upper region, resistance lies at 114.58. The next price resistance is at 115.74. RSI (Relative Strength Index) is 35.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.24, which suggests the price will decrease in the coming days. Percent R is at 87.70%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
