Saturday, June 25, 2022

ACNB Bank EVP Stone Thomas R purchased 30 shares of ACNB Corporation [ACNB]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ACNB Corporation shares valued at $1,000 were purchased by Stone Thomas R on Jun 15. At $33.56 per share, Stone Thomas R acquired 30 shares. The insider’s holdings grew to 6,715 shares worth approximately $0.23 million following the completion of this transaction.


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Also, HELT JAMES purchased 74 shares, netting a total of over 2,500 in proceeds. Following the buying of shares at $33.56 each, the insider now holds 17,786 shares.

Before that, ELSNER FRANK III had added 7 shares to its account. In a trade valued at $250, the Director bought ACNB Corporation shares for $33.56 each. Upon closing the transaction, the insider’s holdings increased to 7 shares, worth approximately $0.86 million.

As published in their initiating research note from Citigroup on May 24, 2022, The Allstate Corporation [ALL] has been a Buy and the price target has been revised to $159. This represents a 23.23% premium over Wednesday’s closing price. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid May. Earlier on March 18, 2022, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for ALL stock which previously was a “an Outperform”.

Analyzing ACNB’s Price Performance

On Wednesday, ACNB Corporation [NASDAQ: ACNB] plunged -2.53% to $33.97. The stock’s lowest price that day was $33.25, but it reached a high of $34.83 in the same session. During the last five days, there has been a surge of approximately 6.82%. Over the course of the year, ACNB Corporation shares have jumped approximately 8.60%. Shares of the company reached a 52-week high of $36.04 on 03/28/22 and a 52-week low of $30.79 on 06/14/22. A 50-day SMA is recorded $33.57, while a 200-day SMA reached $31.37. Nevertheless, trading volume fell to 66157.0 shares from 49600.0 shares the previous day.

Support And Resistance Levels for ACNB Corporation (ACNB)

According to the 24-hour chart, there is a support level at 33.20, which, if violated, would cause prices to drop to 32.44. In the upper region, resistance lies at 34.78. The next price resistance is at 35.60. RSI (Relative Strength Index) is 53.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.08, which suggests the price will increase in the coming days. Percent R is at 36.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is ACNB Corporation subject to short interest?

Stocks of ACNB Corporation saw a sharp rise in short interest on Apr 28, 2022 jumping by 3280.0 shares to 35090.0. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 31810.0 shares. A jump of 9.35% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.8 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.8.

In spite of this, 0 analysts ranked ACNB Corporation stock as a – at the end of 2022.

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