Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Community Bank System, Inc. shares valued at $163,395 were sold by Bolus Mark J. on Feb 21 ’24. At $45.00 per share, Bolus Mark J. sold 3,631 shares. The insider’s holdings dropped to 96,364 shares worth approximately $4.27 million following the completion of this transaction.
Also, Karaivanov Dimitar purchased 1,000 shares, netting a total of over 43,700 in proceeds. Following the buying of shares at $43.70 each, the insider now holds 16,265 shares.
Before that, STEELE SALLY A had sold 3,501 shares from its account. In a trade valued at $170,709, the Director traded Community Bank System, Inc. shares for $48.76 each. Upon closing the transaction, the insider’s holdings decreased to 3,501 shares, worth approximately $1.49 million.
As published in a research note from Hovde Group on June 28, 2023, Community Bank System, Inc. [CBU] has been rated up from a Market perform to an Outperform. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early June. As of March 14, 2023, Janney has initiated its “Buy” rating for CBU. Earlier on December 21, 2022, Raymond James initiated its rating. Their recommendation was “a Mkt perform” for CBU stock.
Analyzing CBU Stock Performance
During the last five days, there has been a drop of approximately -2.29%. Over the course of the year, Community Bank System, Inc. shares have dropped approximately -14.97%. Shares of the company reached a 52-week high of $53.48 on 01/02/24 and a 52-week low of $41.50 on 04/18/24. A 50-day SMA is recorded $45.01, while a 200-day SMA reached $46.15. Nevertheless, trading volume fell to 0.31 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for Community Bank System, Inc. (CBU)
According to the 24-hour chart, there is a support level at 43.37, which, if violated, would cause prices to drop to 42.43. In the upper region, resistance lies at 45.17. The next price resistance is at 46.03. RSI (Relative Strength Index) is 49.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 27.39%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
