KD Logo

The Potential Rise in the Price of UMB Financial Corp. (UMBF) following insiders activity

UMB Financial Corp.’s recent filing unveils that its Chairman and CEO KEMPER J MARINER unloaded Company’s shares for reported $0.43 million on May 01 ’24. In the deal valued at $79.66 per share,5,400 shares were sold. As a result of this transaction, KEMPER J MARINER now holds 1,733,204 shares worth roughly $142.95 million.

Then, KEMPER J MARINER sold 4,708 shares, generating $378,281 in total proceeds. Upon selling the shares at $80.35, the Chairman and CEO now owns 1,728,496 shares.

Before that, KEMPER J MARINER sold 3,790 shares. UMB Financial Corp. shares valued at $305,337 were divested by the Chairman and CEO at a price of $80.56 per share. As a result of the transaction, KEMPER J MARINER now holds 1,724,706 shares, worth roughly $142.25 million.

Barclays upgraded its UMB Financial Corp. [UMBF] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. Raymond James also remained covering UMBF and has increased its forecast on October 26, 2023 with a “Strong buy” recommendation from previously “an Outperform” rating. Janney revised its rating on October 26, 2023. It rated UMBF as “a Buy” which previously was an “a Neutral”.

Price Performance Review of UMBF

On Friday, UMB Financial Corp. [NASDAQ:UMBF] saw its stock jump 1.08% to $82.48. Over the last five days, the stock has lost -0.10%. UMB Financial Corp. shares have fallen nearly -1.28% since the year began. Nevertheless, the stocks have risen 46.42% over the past one year. While a 52-week high of $87.36 was reached on 03/28/24, a 52-week low of $53.69 was recorded on 04/29/24. SMA at 50 days reached $81.92, while 200 days put it at $74.22. A total of 0.79 million shares were traded, compared to the trading of 0.63 million shares in the previous session.

Levels Of Support And Resistance For UMBF Stock

The 24-hour chart illustrates a support level at 81.08, which if violated will result in even more drops to 79.68. On the upside, there is a resistance level at 83.30. A further resistance level may holdings at 84.12. The Relative Strength Index (RSI) on the 14-day chart is 52.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.68%. Stochastics %K at 71.47% indicates the stock is a holding.

Most Popular

[the_ad id="945"]