Community Bank System, Inc.’s filing revealed that its Director Bolus Mark J. unloaded Company’s shares for reported $0.16 million on Feb 21 ’24. In the deal valued at $45.00 per share,3,631 shares were sold. As a result of this transaction, Bolus Mark J. now holds 96,364 shares worth roughly $4.02 million.
Then, Karaivanov Dimitar bought 1,000 shares, generating $43,700 in total proceeds. Upon buying the shares at $43.70, the President & CEO now owns 16,265 shares.
Before that, STEELE SALLY A sold 3,501 shares. Community Bank System, Inc. shares valued at $170,709 were divested by the Director at a price of $48.76 per share. As a result of the transaction, STEELE SALLY A now holds 33,634 shares, worth roughly $1.4 million.
Hovde Group upgraded its Community Bank System, Inc. [CBU] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early June from “a Mkt perform” to “an Outperform”. Janney began covering CBU with “Buy” recommendation on March 14, 2023. Raymond James started covering the stock on December 21, 2022. It rated CBU as “a Mkt perform”.
Price Performance Review of CBU
On Tuesday, Community Bank System, Inc. [NYSE:CBU] saw its stock fall -2.04% to $41.69. Over the last five days, the stock has lost -10.54%. Community Bank System, Inc. shares have fallen nearly -20.00% since the year began. Nevertheless, the stocks have fallen -12.08% over the past one year. While a 52-week high of $55.64 was reached on 01/02/24, a 52-week low of $35.38 was recorded on 04/16/24. SMA at 50 days reached $45.17, while 200 days put it at $46.25. A total of 0.24 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For CBU Stock
The 24-hour chart illustrates a support level at 41.47, which if violated will result in even more drops to 41.26. On the upside, there is a resistance level at 42.02. A further resistance level may holdings at 42.36. The Relative Strength Index (RSI) on the 14-day chart is 32.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.49%. Stochastics %K at 5.07% indicates the stock is a buying.
