The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. United Bankshares, Inc. shares valued at $24,575 were purchased by CONVERSE PETER A on Nov 21 ’23. At $33.21 per share, CONVERSE PETER A acquired 740 shares. The insider’s holdings grew to 438,023 shares worth approximately $14.51 million following the completion of this transaction.
Also, White Gary G purchased 400 shares, netting a total of over 11,125 in proceeds. Following the buying of shares at $27.81 each, the insider now holds 40,643 shares.
Before that, White Gary G had added 300 shares to its account. In a trade valued at $9,778, the Director bought United Bankshares, Inc. shares for $32.59 each. Upon closing the transaction, the insider’s holdings increased to 300 shares, worth approximately $1.31 million.
As published in their initiating research note from Stephens on April 04, 2023, United Bankshares, Inc. [UBSI] has been an Equal-weight and the price target has been revised to $32. Earlier on September 06, 2022, Janney initiated its rating. Their recommendation was “a Buy” for UBSI stock.
Analyzing UBSI Stock Performance
During the last five days, there has been a drop of approximately -0.39%. Over the course of the year, United Bankshares, Inc. shares have dropped approximately -11.80%. Shares of the company reached a 52-week high of $38.18 on 01/02/24 and a 52-week low of $32.20 on 04/16/24. A 50-day SMA is recorded $34.29, while a 200-day SMA reached $32.48. Nevertheless, trading volume fell to 0.53 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for United Bankshares, Inc. (UBSI)
According to the 24-hour chart, there is a support level at 32.70, which, if violated, would cause prices to drop to 32.29. In the upper region, resistance lies at 33.42. The next price resistance is at 33.73. RSI (Relative Strength Index) is 43.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.99, which suggests the price will decrease in the coming days. Percent R is at 76.29%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
