Investing in Atlantic Union Bankshares Corp (AUB): What You Must Know

Atlantic Union Bankshares Corp’s recently made public that its Director KIMBLE DONALD R acquired Company’s shares for reported $0.25 million on Mar 08 ’24. In the deal valued at $35.13 per share,7,000 shares were bought. As a result of this transaction, KIMBLE DONALD R now holds 7,582 shares worth roughly $0.26 million.

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Stephens initiated its Atlantic Union Bankshares Corp [AUB] rating to an Overweight in a research note published on September 13, 2023; the price target was $36. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Mkt perform”.

Price Performance Review of AUB

On Tuesday, Atlantic Union Bankshares Corp [NYSE:AUB] saw its stock fall -1.38% to $34.32. Over the last five days, the stock has gained 0.35%. Atlantic Union Bankshares Corp shares have fallen nearly -6.08% since the year began. Nevertheless, the stocks have fallen -5.09% over the past one year. While a 52-week high of $38.30 was reached on 01/02/24, a 52-week low of $23.32 was recorded on 02/13/24. SMA at 50 days reached $34.42, while 200 days put it at $31.11. A total of 0.26 million shares were traded, compared to the trading of 0.3 million shares in the previous session.

Levels Of Support And Resistance For AUB Stock

The 24-hour chart illustrates a support level at 34.01, which if violated will result in even more drops to 33.69. On the upside, there is a resistance level at 34.78. A further resistance level may holdings at 35.23. The Relative Strength Index (RSI) on the 14-day chart is 52.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.45%. Stochastics %K at 80.53% indicates the stock is a selling.

How much short interest is there in Atlantic Union Bankshares Corp?

A steep rise in short interest was recorded in Atlantic Union Bankshares Corp stocks on Feb 29, 2024, growing by 0.6 million shares to a total of 3.02 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.42 million shares. There was a rise of 19.87%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.56% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.22.

The most recent change occurred on November 29, 2022 when Hovde Group began covering the stock and recommended ‘”an Outperform”‘ rating along with a $41 price target.

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