United Bankshares, Inc.’s recently made public 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 $14.42 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 $1.3 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 Monday, United Bankshares, Inc. [NASDAQ:UBSI] saw its stock fall -0.63% to $32.91. Over the last five days, the stock has lost -5.02%. United Bankshares, Inc. shares have fallen nearly -12.36% since the year began. Nevertheless, the stocks have fallen -4.83% 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 04/15/24. SMA at 50 days reached $34.43, while 200 days put it at $32.44. A total of 0.65 million shares were traded, compared to the trading of 0.49 million shares in the previous session.
Levels Of Support And Resistance For UBSI Stock
The 24-hour chart illustrates a support level at 32.50, which if violated will result in even more drops to 32.10. On the upside, there is a resistance level at 33.39. A further resistance level may holdings at 33.88. The Relative Strength Index (RSI) on the 14-day chart is 39.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.57%. Stochastics %K at 12.03% indicates the stock is a buying.
