In a filing, International Bancshares Corp. revealed its Director SANCHEZ ANTONIO R JR unloaded Company’s shares for reported $2.17 million on Mar 11 ’24. In the deal valued at $54.22 per share,40,000 shares were sold. As a result of this transaction, SANCHEZ ANTONIO R JR now holds 1,312,245 shares worth roughly $78.55 million.
Then, SANCHEZ ANTONIO R JR sold 50,000 shares, generating $2,443,000 in total proceeds. Upon selling the shares at $48.86, the Director now owns 567,439 shares.
Before that, SANCHEZ ANTONIO R JR sold 25,000 shares. International Bancshares Corp. shares valued at $1,221,500 were divested by the Director at a price of $48.86 per share. As a result of the transaction, SANCHEZ ANTONIO R JR now holds 1,814,554 shares, worth roughly $108.62 million.
Standpoint Research downgraded its International Bancshares Corp. [IBOC] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Standpoint Research’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Sterne Agee began covering IBOC with “Neutral” recommendation on June 19, 2009.
Price Performance Review of IBOC
On Tuesday, International Bancshares Corp. [NASDAQ:IBOC] saw its stock fall -0.50% to $59.86. Over the last five days, the stock has gained 7.57%. International Bancshares Corp. shares have risen nearly 10.20% since the year began. Nevertheless, the stocks have risen 42.59% over the past one year. While a 52-week high of $60.99 was reached on 05/06/24, a 52-week low of $40.43 was recorded on 02/23/24. SMA at 50 days reached $54.64, while 200 days put it at $49.47. A total of 0.27 million shares were traded, compared to the trading of 0.21 million shares in the previous session.
Levels Of Support And Resistance For IBOC Stock
The 24-hour chart illustrates a support level at 59.48, which if violated will result in even more drops to 59.11. On the upside, there is a resistance level at 60.56. A further resistance level may holdings at 61.27. The Relative Strength Index (RSI) on the 14-day chart is 70.84, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.86%. Stochastics %K at 92.08% indicates the stock is a selling.
