Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Columbia Banking System, Inc. shares valued at $49,619 were purchased by SEATON ELIZABETH WHITEHEAD on Feb 06 ’24. At $18.48 per share, SEATON ELIZABETH WHITEHEAD acquired 2,685 shares. The insider’s holdings grew to 25,001 shares worth approximately $0.44 million following the completion of this transaction.
Also, Deer Aaron James purchased 2,000 shares, netting a total of over 38,648 in proceeds. Following the buying of shares at $19.32 each, the insider now holds 36,850 shares.
Before that, Lund Randal Lee had added 1,000 shares to its account. In a trade valued at $19,288, the Director bought Columbia Banking System, Inc. shares for $19.29 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $0.3 million.
As published in their initiating research note from Barclays on March 08, 2024, Columbia Banking System, Inc. [COLB] has been an Equal weight and the price target has been revised to $20. Analysts at Stephens downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late January. As of January 25, 2024, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for COLB. Earlier on January 25, 2024, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for COLB stock which previously was a “an Outperform”.
Analyzing COLB Stock Performance
During the last five days, there has been a drop of approximately -3.10%. Over the course of the year, Columbia Banking System, Inc. shares have dropped approximately -34.45%. Shares of the company reached a 52-week high of $27.20 on 01/02/24 and a 52-week low of $17.08 on 04/16/24. A 50-day SMA is recorded $18.50, while a 200-day SMA reached $21.03. Nevertheless, trading volume fell to 1.41 million shares from 2.36 million shares the previous day.
Support And Resistance Levels for Columbia Banking System, Inc. (COLB)
According to the 24-hour chart, there is a support level at 17.38, which, if violated, would cause prices to drop to 17.27. In the upper region, resistance lies at 17.65. The next price resistance is at 17.82. RSI (Relative Strength Index) is 38.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 82.67%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
