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Berkshire Hills Bancorp Inc. [BHLB] Investment Guide: What You Need to Know

Berkshire Hills Bancorp Inc.’s recent filing unveils that its President and CEO Mhatre Nitin J. acquired Company’s shares for reported $24221.0 on Apr 25 ’24. In the deal valued at $22.02 per share,1,100 shares were bought. As a result of this transaction, Mhatre Nitin J. now holds 88,799 shares worth roughly $1.89 million.

Then, Tulchiner Ellen sold 926 shares, generating $20,100 in total proceeds. Upon selling the shares at $21.71, the EVP,Head of Cnsmr Lndng&Pymnts now owns 0 shares.

Before that, Adofo-Wilson Baye sold 10,074 shares. Berkshire Hills Bancorp Inc. shares valued at $223,549 were divested by the Director at a price of $22.19 per share. As a result of the transaction, Adofo-Wilson Baye now holds 0 shares, worth roughly $0.0.

Seaport Research Partners upgraded its Berkshire Hills Bancorp Inc. [BHLB] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in early January from “an Underweight” to “a Neutral”. Seaport Research Partners began covering BHLB with “Sell” recommendation on September 12, 2023. Piper Sandler revised its rating on October 14, 2022. It rated BHLB as “an Underweight” which previously was an “a Neutral”.

Price Performance Review of BHLB

On Tuesday, Berkshire Hills Bancorp Inc. [NYSE:BHLB] saw its stock fall -2.91% to $21.32. Over the last five days, the stock has lost -4.22%. Berkshire Hills Bancorp Inc. shares have fallen nearly -14.14% since the year began. Nevertheless, the stocks have risen 0.24% over the past one year. While a 52-week high of $25.79 was reached on 01/29/24, a 52-week low of $18.07 was recorded on 04/19/24. SMA at 50 days reached $21.84, while 200 days put it at $21.93. A total of 0.31 million shares were traded, compared to the trading of 0.21 million shares in the previous session.

Levels Of Support And Resistance For BHLB Stock

The 24-hour chart illustrates a support level at 21.14, which if violated will result in even more drops to 20.97. On the upside, there is a resistance level at 21.65. A further resistance level may holdings at 21.99. The Relative Strength Index (RSI) on the 14-day chart is 44.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.38%. Stochastics %K at 67.50% indicates the stock is a holding.

The most recent change occurred on September 13, 2022 when Hovde Group began covering the stock and recommended ‘”an Outperform”‘ rating along with a $33 price target.

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