United Bankshares, Inc.’s filing revealed that its Director CONVERSE PETER A acquired Company’s shares for reported $24575.0 on Nov 21 ’23. In the deal valued at $33.21 per share,740 shares were bought. As a result of this transaction, CONVERSE PETER A now holds 438,023 shares worth roughly $15.25 million.
Then, White Gary G bought 400 shares, generating $11,125 in total proceeds. Upon buying the shares at $27.81, the Director now owns 40,643 shares.
Before that, White Gary G bought 300 shares. United Bankshares, Inc. shares valued at $9,778 were divested by the Director at a price of $32.59 per share. As a result of the transaction, White Gary G now holds 39,484 shares, worth roughly $1.37 million.
Stephens initiated its United Bankshares, Inc. [UBSI] rating to an Equal-weight in a research note published on April 04, 2023; the price target was $32. Janney started covering the stock on September 06, 2022. It rated UBSI as “a Buy”.
Price Performance Review of UBSI
On Tuesday, United Bankshares, Inc. [NASDAQ:UBSI] saw its stock jump 0.49% to $34.82. Over the last five days, the stock has gained 1.40%. United Bankshares, Inc. shares have fallen nearly -7.27% since the year began. Nevertheless, the stocks have risen 1.28% over the past one year. While a 52-week high of $38.74 was reached on 01/02/24, a 52-week low of $25.35 was recorded on 03/14/24. SMA at 50 days reached $34.72, while 200 days put it at $32.38. A total of 0.35 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For UBSI Stock
The 24-hour chart illustrates a support level at 34.62, which if violated will result in even more drops to 34.42. On the upside, there is a resistance level at 35.02. A further resistance level may holdings at 35.22. The Relative Strength Index (RSI) on the 14-day chart is 52.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.00%. Stochastics %K at 47.87% indicates the stock is a holding.
How much short interest is there in United Bankshares, Inc.?
A steep rise in short interest was recorded in United Bankshares, Inc. stocks on Mar 15, 2024, growing by 0.38 million shares to a total of 3.51 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.13 million shares. There was a rise of 10.83%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.10% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.87.
