Columbia Banking System, Inc. (COLB) Becoming More Attractive for Investors

Columbia Banking System, Inc.’s recently made public that its President, CEO Stein Clint acquired Company’s shares for reported $0.2 million on Jan 30. In the deal valued at $20.96 per share,9,500 shares were bought. As a result of this transaction, Stein Clint now holds 165,684 shares worth roughly $3.5 million.

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Then, Finkelstein Mark A bought 3,592 shares, generating $74,965 in total proceeds. Upon buying the shares at $20.87, the Director now owns 23,908 shares.

Before that, Numata S Mae Fujita bought 2,400 shares. Columbia Banking System, Inc. shares valued at $50,608 were divested by the Director at a price of $21.09 per share. As a result of the transaction, Numata S Mae Fujita now holds 28,316 shares, worth roughly $0.6 million.

Stephens downgraded its Columbia Banking System, Inc. [COLB] rating to an Equal-weight from a an Overweight in a research note published on , January 25, 2024; the price target was decreased to $24 from $31.

Price Performance Review of COLB

On Tuesday, Columbia Banking System, Inc. [NASDAQ:COLB] saw its stock jump 1.00% to $21.11. Over the last five days, the stock has lost -15.93%. Columbia Banking System, Inc. shares have fallen nearly -20.88% since the year began. Nevertheless, the stocks have fallen -29.75% over the past one year. While a 52-week high of $33.24 was reached on 01/02/24, a 52-week low of $17.54 was recorded on 01/25/24. SMA at 50 days reached $24.54, while 200 days put it at $21.70. A total of 3.33 million shares were traded, compared to the trading of 3.89 million shares in the previous session.

Levels Of Support And Resistance For COLB Stock

The 24-hour chart illustrates a support level at 20.85, which if violated will result in even more drops to 20.58. On the upside, there is a resistance level at 21.32. A further resistance level may holdings at 21.52. The Relative Strength Index (RSI) on the 14-day chart is 32.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.87%. Stochastics %K at 20.99% indicates the stock is a holding.

How much short interest is there in Columbia Banking System, Inc.?

A steep rise in short interest was recorded in Columbia Banking System, Inc. stocks on Jan 11, 2024, dropping by -1.28 million shares to a total of 3.36 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 4.64 million shares. There was a decline of -38.1%, which implies that there is a negative sentiment for the stock.

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