Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Associated Banc-Corp. shares valued at $55,438 were sold by Utz John A. on May 06 ’24. At $22.18 per share, Utz John A. sold 2,500 shares. The insider’s holdings dropped to 100,922 shares worth approximately $2.26 million following the completion of this transaction.
Also, Kitowski Nicole M sold 5,019 shares, netting a total of over 106,578 in proceeds. Following the sale of shares at $21.23 each, the insider now holds 37,993 shares.
Before that, VAN LITH KAREN had sold 5,499 shares from its account. In a trade valued at $117,019, the Director traded Associated Banc-Corp. shares for $21.28 each. Upon closing the transaction, the insider’s holdings decreased to 5,499 shares, worth approximately $1.37 million.
As published in their initiating research note from Barclays on March 08, 2024, Associated Banc-Corp. [ASB] has been an Equal weight and the price target has been revised to $22. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of September 05, 2023, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for ASB. Earlier on July 06, 2023, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for ASB stock which previously was a “a Mkt perform”.
Analyzing ASB Stock Performance
During the last five days, there has been a surge of approximately 2.24%. Over the course of the year, Associated Banc-Corp. shares have jumped approximately 4.53%. Shares of the company reached a 52-week high of $22.57 on 05/09/24 and a 52-week low of $19.40 on 02/13/24. A 50-day SMA is recorded $21.01, while a 200-day SMA reached $19.25. Nevertheless, trading volume fell to 1.09 million shares from 1.17 million shares the previous day.
Support And Resistance Levels for Associated Banc-Corp. (ASB)
According to the 24-hour chart, there is a support level at 22.25, which, if violated, would cause prices to drop to 22.15. In the upper region, resistance lies at 22.52. The next price resistance is at 22.68. RSI (Relative Strength Index) is 67.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.61, which suggests the price will decrease in the coming days. Percent R is at 10.29%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
