The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. UMB Financial Corp. shares valued at $430,170 were sold by KEMPER J MARINER on May 01 ’24. At $79.66 per share, KEMPER J MARINER sold 5,400 shares. The insider’s holdings dropped to 1,733,204 shares worth approximately $141.9 million following the completion of this transaction.
Also, KEMPER J MARINER sold 4,708 shares, netting a total of over 378,281 in proceeds. Following the sale of shares at $80.35 each, the insider now holds 1,728,496 shares.
Before that, KEMPER J MARINER had sold 3,790 shares from its account. In a trade valued at $305,337, the Chairman and CEO traded UMB Financial Corp. shares for $80.56 each. Upon closing the transaction, the insider’s holdings decreased to 3,790 shares, worth approximately $141.2 million.
As published in a research note from Barclays on April 30, 2024, UMB Financial Corp. [UMBF] has been rated up from an Equal weight to an Overweight and the price target has been revised to $95. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early March. As of October 26, 2023, Raymond James has increased its “an Outperform” rating to a “Strong buy” for UMBF. Earlier on October 26, 2023, Janney upgraded its rating. Their new recommendation was “a Buy” for UMBF stock which previously was a “a Neutral”.
Analyzing UMBF Stock Performance
During the last five days, there has been a drop of approximately -2.14%. Over the course of the year, UMB Financial Corp. shares have dropped approximately -2.01%. Shares of the company reached a 52-week high of $87.36 on 03/28/24 and a 52-week low of $76.00 on 04/29/24. A 50-day SMA is recorded $81.70, while a 200-day SMA reached $73.84. Nevertheless, trading volume fell to 0.79 million shares from 1.22 million shares the previous day.
Support And Resistance Levels for UMB Financial Corp. (UMBF)
According to the 24-hour chart, there is a support level at 80.54, which, if violated, would cause prices to drop to 79.21. In the upper region, resistance lies at 82.81. The next price resistance is at 83.75. RSI (Relative Strength Index) is 50.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 34.49%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
