Commerce Bancshares, Inc.’s recent filing unveils that its Executive Vice President Holmes Robert S unloaded Company’s shares for reported $0.26 million on Mar 11 ’24. In the deal valued at $52.66 per share,5,000 shares were sold. As a result of this transaction, Holmes Robert S now holds 50,293 shares worth roughly $2.58 million.
Then, KEMPER JONATHAN M sold 18,900 shares, generating $1,013,229 in total proceeds. Upon selling the shares at $53.61, the Director now owns 996,884 shares.
Before that, Brooks Derrick sold 323 shares. Commerce Bancshares, Inc. shares valued at $17,460 were divested by the Senior Vice President at a price of $54.05 per share. As a result of the transaction, Brooks Derrick now holds 10,262 shares, worth roughly $0.53 million.
BofA Securities initiated its Commerce Bancshares, Inc. [CBSH] rating to a Neutral in a research note published on January 11, 2024; the price target was $55. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late September from “an Underweight” to “an Equal-weight”. Morgan Stanley also remained covering CBSH and has decreased its forecast on May 16, 2023 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Morgan Stanley started covering the stock on December 05, 2022. It rated CBSH as “an Equal-weight”.
Price Performance Review of CBSH
On Monday, Commerce Bancshares, Inc. [NASDAQ:CBSH] saw its stock fall -0.35% to $51.23. Over the last five days, the stock has lost -5.13%. Commerce Bancshares, Inc. shares have fallen nearly -4.08% since the year began. Nevertheless, the stocks have fallen -3.93% over the past one year. While a 52-week high of $56.75 was reached on 01/23/24, a 52-week low of $40.91 was recorded on 02/13/24. SMA at 50 days reached $51.83, while 200 days put it at $49.30. A total of 0.58 million shares were traded, compared to the trading of 0.32 million shares in the previous session.
Levels Of Support And Resistance For CBSH Stock
The 24-hour chart illustrates a support level at 50.66, which if violated will result in even more drops to 50.08. On the upside, there is a resistance level at 52.06. A further resistance level may holdings at 52.89. The Relative Strength Index (RSI) on the 14-day chart is 43.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.53%. Stochastics %K at 14.58% indicates the stock is a buying.
