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A Guide To The Risks Of Investing In CVB Financial Corp. (CVBF)

CVB Financial Corp.’s recent filing unveils that its Director Borba George A Jr acquired Company’s shares for reported $1.0 million on Feb 06 ’24. In the deal valued at $16.78 per share,59,601 shares were bought. As a result of this transaction, Borba George A Jr now holds 626,311 shares worth roughly $10.31 million.

Then, Brager David A. bought 2,000 shares, generating $33,500 in total proceeds. Upon buying the shares at $16.75, the President & CEO now owns 152,814 shares.

Before that, Nicholson E Allen bought 2,000 shares. CVB Financial Corp. shares valued at $33,540 were divested by the EVP & CFO at a price of $16.77 per share. As a result of the transaction, Nicholson E Allen now holds 92,310 shares, worth roughly $1.52 million.

Hovde Group downgraded its CVB Financial Corp. [CVBF] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in early December with a ‘”an Equal-weight”‘ rating. Janney also remained covering CVBF and has increased its forecast on May 25, 2023 with a “Buy” recommendation from previously “Neutral” rating. Keefe Bruyette revised its rating on October 21, 2022. It rated CVBF as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of CVBF

On Monday, CVB Financial Corp. [NASDAQ:CVBF] saw its stock fall -0.12% to $16.46. Over the last five days, the stock has lost -0.06%. CVB Financial Corp. shares have fallen nearly -18.47% since the year began. Nevertheless, the stocks have risen 10.32% over the past one year. While a 52-week high of $21.77 was reached on 01/02/24, a 52-week low of $10.66 was recorded on 04/16/24. SMA at 50 days reached $16.95, while 200 days put it at $17.53. A total of 0.7 million shares were traded, compared to the trading of 0.84 million shares in the previous session.

Levels Of Support And Resistance For CVBF Stock

The 24-hour chart illustrates a support level at 16.33, which if violated will result in even more drops to 16.21. On the upside, there is a resistance level at 16.66. A further resistance level may holdings at 16.87. The Relative Strength Index (RSI) on the 14-day chart is 46.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.81%. Stochastics %K at 48.98% indicates the stock is a holding.

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