Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Commonwealth Financial Corp shares valued at $50,041 were purchased by McCuen Michael P on Feb 10 ’25. At $16.57 per share, McCuen Michael P acquired 3,020 shares. The insider’s holdings grew to 60,643 shares worth approximately $0.96 million following the completion of this transaction.
Also, McCuen Michael P purchased 2,919 shares, netting a total of over 49,594 in proceeds. Following the buying of shares at $16.99 each, the insider now holds 57,623 shares.
As published in a research note from Janney on July 29, 2024, First Commonwealth Financial Corp [FCF] has been rated down from a Buy to a Neutral and the price target has been revised to $19 from $16. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid May. As of February 21, 2023, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for FCF. Earlier on September 29, 2022, Janney initiated its rating. Their recommendation was “a Buy” for FCF stock.
Analyzing FCF Stock Performance
During the last five days, there has been a drop of approximately -2.71%. Over the course of the year, First Commonwealth Financial Corp shares have dropped approximately -6.62%. Shares of the company reached a 52-week high of $17.20 on 01/15/25 and a 52-week low of $15.62 on 03/05/25. A 50-day SMA is recorded $16.56, while a 200-day SMA reached $16.37.
Support And Resistance Levels for First Commonwealth Financial Corp (FCF)
According to the 24-hour chart, there is a support level at 15.61, which, if violated, would cause prices to drop to 15.43. In the upper region, resistance lies at 15.99. The next price resistance is at 16.19. RSI (Relative Strength Index) is 38.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 84.62%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
