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Is it a good time to sell UMB Financial Corp. [UMBF] shares after an insider sold 13,130 shares?

UMB Financial Corp.’s recently made public that its Chairman and CEO KEMPER J MARINER unloaded Company’s shares for reported $1.12 million on Apr 01 ’24. In the deal valued at $84.98 per share,13,130 shares were sold. As a result of this transaction, KEMPER J MARINER now holds 1,749,774 shares worth roughly $136.04 million.

Then, KEMPER J MARINER sold 11,170 shares, generating $952,618 in total proceeds. Upon selling the shares at $85.28, the Chairman and CEO now owns 1,738,604 shares.

Before that, KEMPER J MARINER sold 6,660 shares. UMB Financial Corp. shares valued at $574,505 were divested by the Chairman and CEO at a price of $86.26 per share. As a result of the transaction, KEMPER J MARINER now holds 1,764,344 shares, worth roughly $137.18 million.

Barclays initiated its UMB Financial Corp. [UMBF] rating to an Equal weight in a research note published on March 08, 2024; the price target was $91. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late October from “an Outperform” to “a Strong buy”. Janney also remained covering UMBF and has increased its forecast on October 26, 2023 with a “Buy” recommendation from previously “Neutral” rating. Piper Sandler revised its rating on September 13, 2023. It rated UMBF as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of UMBF

On Monday, UMB Financial Corp. [NASDAQ:UMBF] saw its stock fall -6.52% to $77.75. Over the last five days, the stock has lost -6.95%. UMB Financial Corp. shares have fallen nearly -6.94% since the year began. Nevertheless, the stocks have risen 23.06% over the past one year. While a 52-week high of $87.36 was reached on 03/28/24, a 52-week low of $50.68 was recorded on 04/29/24. SMA at 50 days reached $81.74, while 200 days put it at $73.60. A total of 2.65 million shares were traded, compared to the trading of 0.16 million shares in the previous session.

Levels Of Support And Resistance For UMBF Stock

The 24-hour chart illustrates a support level at 75.66, which if violated will result in even more drops to 73.56. On the upside, there is a resistance level at 80.19. A further resistance level may holdings at 82.62. The Relative Strength Index (RSI) on the 14-day chart is 37.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.47%. Stochastics %K at 57.33% indicates the stock is a holding.

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