Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Customers Bancorp Inc shares valued at $1,904,464 were sold by Leibold Carla A on Mar 12 ’24. At $53.15 per share, Leibold Carla A sold 35,832 shares. The insider’s holdings dropped to 41,224 shares worth approximately $1.9 million following the completion of this transaction.
Also, Hedde Glenn sold 666 shares, netting a total of over 36,096 in proceeds. Following the sale of shares at $54.20 each, the insider now holds 69,428 shares.
Before that, Mackay Robert Neil had sold 4,000 shares from its account. In a trade valued at $195,576, the Director traded Customers Bancorp Inc shares for $48.89 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $0.21 million.
Analysts at Raymond James started covering the stock with ‘”a Strong buy”‘ outlook in a report released in late September. As of October 28, 2022, DA Davidson has increased its “Neutral” rating to a “Buy” for CUBI.
Analyzing CUBI Stock Performance
During the last five days, there has been a drop of approximately -7.95%. Over the course of the year, Customers Bancorp Inc shares have dropped approximately -20.01%. Shares of the company reached a 52-week high of $57.59 on 01/02/24 and a 52-week low of $45.00 on 04/26/24. A 50-day SMA is recorded $51.00, while a 200-day SMA reached $45.06. Nevertheless, trading volume fell to 0.56 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for Customers Bancorp Inc (CUBI)
According to the 24-hour chart, there is a support level at 45.42, which, if violated, would cause prices to drop to 44.75. In the upper region, resistance lies at 47.28. The next price resistance is at 48.47. RSI (Relative Strength Index) is 38.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.30, which suggests the price will decrease in the coming days. Percent R is at 81.98%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
