Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Eagle Bancorp Inc (MD) shares valued at $505,501 were sold by Rheaume Lindsey S on Mar 05 ’24. At $22.98 per share, Rheaume Lindsey S sold 22,000 shares. The insider’s holdings dropped to 9,075 shares worth approximately $0.21 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Saltzman Paul purchased 1,500 shares, netting a total of over 35,400 in proceeds. Following the buying of shares at $23.60 each, the insider now holds 12,967 shares.
Before that, LaPlaca Theresa G. had sold 3,000 shares from its account. In a trade valued at $64,031, the Director traded Eagle Bancorp Inc (MD) shares for $21.34 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $0.43 million.
Analysts at Gabelli & Co downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early March. As of January 29, 2021, Gabelli & Co has increased its “Hold” rating to a “Buy” for EGBN. Earlier on January 08, 2021, Gabelli & Co downgraded its rating. Their new recommendation was “a Hold” for EGBN stock which previously was a “a Buy”.
Analyzing EGBN Stock Performance
During the last five days, there has been a surge of approximately 3.16%. Over the course of the year, Eagle Bancorp Inc (MD) shares have dropped approximately -22.06%. Shares of the company reached a 52-week high of $30.60 on 01/02/24 and a 52-week low of $21.18 on 03/20/24. A 50-day SMA is recorded $24.01, while a 200-day SMA reached $24.10. Nevertheless, trading volume fell to 0.28 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for Eagle Bancorp Inc (MD) (EGBN)
According to the 24-hour chart, there is a support level at 23.17, which, if violated, would cause prices to drop to 22.84. In the upper region, resistance lies at 23.73. The next price resistance is at 23.96. RSI (Relative Strength Index) is 53.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.36, which suggests the price will decrease in the coming days. Percent R is at 21.16%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Eagle Bancorp Inc (MD) subject to short interest?
Stocks of Eagle Bancorp Inc (MD) saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.41 million shares to 2.46 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.05 million shares. A jump of 16.67% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.21 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.21.
