One of today's stocks on the move is First Community Bancshares (NASDAQ:FCBC), down 2.4% to $13.04. The Dow is down 0.3% to 12,667 and the S&P is currently down 0.3% to 1,312.
Over the past year, First Community Bancshares has traded in a range of $9.12 to $15.42 and is now at $13.04, 43% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%.
First Community Bancshares, Inc. is the holding company for First Community Bank, N.A. The Bank generates revenue primarily through commercial, real estate, and consumer lending within its respective market area. The Company also operates investment management and mortgage banking companies. First Community Bancshares operates in West Virginia, Virginia, and North Carolina.
Potential upside of 4.8% exists for First Community Bancshares, based on a current level of $13.04 and analysts' average consensus price target of $13.67. The stock should discover initial support at its 200-day moving average (MA) of $12.61 and subsequent support at its 50-day MA of $12.41.
