Associated Banc-Corp.’s filing revealed that its Director VAN LITH KAREN unloaded Company’s shares for reported $0.12 million on Mar 06 ’24. In the deal valued at $21.28 per share,5,499 shares were sold. As a result of this transaction, VAN LITH KAREN now holds 61,178 shares worth roughly $1.31 million.
Then, Utz John A. sold 14,010 shares, generating $297,031 in total proceeds. Upon selling the shares at $21.20, the Executive Vice President now owns 89,880 shares.
Before that, KAMERICK EILEEN A sold 5,000 shares. Associated Banc-Corp. shares valued at $105,101 were divested by the Director at a price of $21.02 per share. As a result of the transaction, KAMERICK EILEEN A now holds 50,126 shares, worth roughly $1.07 million.
Barclays initiated its Associated Banc-Corp. [ASB] rating to an Equal weight in a research note published on March 08, 2024; the price target was $22. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal weight”. Robert W. Baird also remained covering ASB and has increased its forecast on September 05, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Raymond James revised its rating on July 06, 2023. It rated ASB as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of ASB
On Monday, Associated Banc-Corp. [NYSE:ASB] saw its stock jump 1.95% to $21.44. Over the last five days, the stock has gained 0.80%. Associated Banc-Corp. shares have risen nearly 0.23% since the year began. Nevertheless, the stocks have risen 23.22% over the past one year. While a 52-week high of $22.16 was reached on 01/26/24, a 52-week low of $14.47 was recorded on 02/13/24. SMA at 50 days reached $20.75, while 200 days put it at $18.77. A total of 1.04 million shares were traded, compared to the trading of 0.96 million shares in the previous session.
Levels Of Support And Resistance For ASB Stock
The 24-hour chart illustrates a support level at 21.17, which if violated will result in even more drops to 20.90. On the upside, there is a resistance level at 21.62. A further resistance level may holdings at 21.81. The Relative Strength Index (RSI) on the 14-day chart is 58.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.55%. Stochastics %K at 74.25% indicates the stock is a holding.
How much short interest is there in Associated Banc-Corp.?
A steep rise in short interest was recorded in Associated Banc-Corp. stocks on Mar 15, 2024, growing by 0.15 million shares to a total of 4.06 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.91 million shares. There was a rise of 3.69%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.58% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.99.
The most recent change occurred on March 15, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $22 price target.
