First Merchants Corp’s filing revealed that its Director Halderman Howard acquired Company’s shares for reported $165.0 on Dec 30 ’24. In the deal valued at $41.24 per share,4 shares were bought. As a result of this transaction, Halderman Howard now holds 25,131 shares worth roughly $0.89 million.
Then, Stewart Michael J sold 7,248 shares, generating $316,955 in total proceeds. Upon selling the shares at $43.73, the President now owns 92,664 shares.
Before that, Michael J Stewart bought 7,248 shares. First Merchants Corp shares valued at $315,578 were divested by the President at a price of $43.54 per share.
Hovde Group upgraded its First Merchants Corp [FRME] rating to an Outperform from a a Market perform in a research note published recently. Stephens also remained covering FRME and has decreased its forecast on August 07, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Raymond James revised its rating on February 21, 2023. It rated FRME as “an Outperform” which previously was an “a Strong buy”.
Price Performance Review of FRME
On Tuesday, First Merchants Corp [NASDAQ:FRME] saw its stock fall -0.92% to $35.37. Over the last five days, the stock has lost -6.35%. First Merchants Corp shares have fallen nearly -11.33% since the year began. Nevertheless, the stocks have risen 12.72% over the past one year. While a 52-week high of $46.13 was reached on 02/14/25, a 52-week low of $30.85 was recorded on 04/07/25.
Levels Of Support And Resistance For FRME Stock
The 24-hour chart illustrates a support level at 34.90, which if violated will result in even more drops to 34.43. On the upside, there is a resistance level at 36.19. A further resistance level may holdings at 37.01.
