Customers Bancorp Inc’s filing revealed that its Chief Financial Officer Leibold Carla A unloaded Company’s shares for reported $1.9 million on Mar 12 ’24. In the deal valued at $53.15 per share,35,832 shares were sold. As a result of this transaction, Leibold Carla A now holds 41,224 shares worth roughly $1.92 million.
Then, Hedde Glenn sold 666 shares, generating $36,096 in total proceeds. Upon selling the shares at $54.20, the Pres Mortgage WarehouseLending now owns 69,428 shares.
Before that, Mackay Robert Neil sold 4,000 shares. Customers Bancorp Inc shares valued at $195,576 were divested by the Director at a price of $48.89 per share. As a result of the transaction, Mackay Robert Neil now holds 4,638 shares, worth roughly $0.22 million.
A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late September with a ‘”a Strong buy”‘ rating. DA Davidson also remained covering CUBI and has increased its forecast on October 28, 2022 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of CUBI
On Monday, Customers Bancorp Inc [NYSE:CUBI] saw its stock fall -4.90% to $46.62. Over the last five days, the stock has lost -11.94%. Customers Bancorp Inc shares have fallen nearly -19.09% since the year began. Nevertheless, the stocks have risen 157.14% over the past one year. While a 52-week high of $60.09 was reached on 01/02/24, a 52-week low of $15.80 was recorded on 04/15/24. SMA at 50 days reached $52.00, while 200 days put it at $44.20. A total of 0.56 million shares were traded, compared to the trading of 0.14 million shares in the previous session.
Levels Of Support And Resistance For CUBI Stock
The 24-hour chart illustrates a support level at 44.85, which if violated will result in even more drops to 43.07. On the upside, there is a resistance level at 49.18. A further resistance level may holdings at 51.73. The Relative Strength Index (RSI) on the 14-day chart is 34.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.00%. Stochastics %K at 14.44% indicates the stock is a buying.
