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The Attractiveness of Investing In United Bankshares, Inc. (UBSI) is Growing

United Bankshares, Inc.’s recently made public that its Director CONVERSE PETER A acquired Company’s shares for reported $24575.0 on Nov 21 ’23. In the deal valued at $33.21 per share,740 shares were bought. As a result of this transaction, CONVERSE PETER A now holds 438,023 shares worth roughly $15.1 million.

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Then, White Gary G bought 400 shares, generating $11,125 in total proceeds. Upon buying the shares at $27.81, the Director now owns 40,643 shares.

Before that, White Gary G bought 300 shares. United Bankshares, Inc. shares valued at $9,778 were divested by the Director at a price of $32.59 per share. As a result of the transaction, White Gary G now holds 39,484 shares, worth roughly $1.36 million.

Stephens initiated its United Bankshares, Inc. [UBSI] rating to an Equal-weight in a research note published on April 04, 2023; the price target was $32. Janney started covering the stock on September 06, 2022. It rated UBSI as “a Buy”.

Price Performance Review of UBSI

On Tuesday, United Bankshares, Inc. [NASDAQ:UBSI] saw its stock jump 0.94% to $34.48. Over the last five days, the stock has gained 1.65%. United Bankshares, Inc. shares have fallen nearly -8.18% since the year began. Nevertheless, the stocks have risen 23.45% over the past one year. While a 52-week high of $38.74 was reached on 01/02/24, a 52-week low of $25.35 was recorded on 04/30/24. SMA at 50 days reached $34.03, while 200 days put it at $32.77. A total of 0.37 million shares were traded, compared to the trading of 0.42 million shares in the previous session.

Levels Of Support And Resistance For UBSI Stock

The 24-hour chart illustrates a support level at 34.19, which if violated will result in even more drops to 33.89. On the upside, there is a resistance level at 34.72. A further resistance level may holdings at 34.95. The Relative Strength Index (RSI) on the 14-day chart is 56.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.91%. Stochastics %K at 80.67% indicates the stock is a selling.

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