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.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular