Insider Selling: Hope Holding Connell Unloads 6,000 Shares of First Citizens Bancshares Stock (FCNCA)
First Citizens Bancshares (NASDAQ:FCNCA) major shareholder Hope Holding Connell sold 6,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $204.99, for a total transaction of $1,229,940.00. Following the transaction, the insider now directly owns 100,828 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Separately, analysts at Thomson Reuters/Verus downgraded shares of First Citizens Bancshares (NASDAQ:FCNCA) from a “buy” rating to a “hold” rating in a research note to investors on Monday.
Shares of First Citizens Bancshares (NASDAQ:FCNCA) traded down 0.55% on Tuesday, hitting $204.00. 26,301 shares of the company’s stock traded hands. First Citizens Bancshares has a 52 week low of $155.00 and a 52 week high of $214.02. The stock has a 50-day moving average of $208.2 and a 200-day moving average of $195.0. The company has a market cap of $1.962 billion and a P/E ratio of 12.65.
First Citizens BancShares, Inc (NASDAQ:FCNCA) is a financial holding company.
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