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Analyzing Cullen Frost Bankers Inc. (CFR) After Recent Trading Activity

In a filing, Cullen Frost Bankers Inc. revealed its GEVP Research & Strategy Berman Bobby unloaded Company’s shares for reported $0.14 million on Mar 14 ’24. In the deal valued at $105.49 per share,1,312 shares were sold. As a result of this transaction, Berman Bobby now holds 27,815 shares worth roughly $2.93 million.

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Then, Bracher Paul sold 9,820 shares, generating $1,074,308 in total proceeds. Upon selling the shares at $109.40, the President of CFR now owns 96,380 shares.

Compass Point downgraded its Cullen Frost Bankers Inc. [CFR] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early January from “an In-line” to “an Underperform”. Citigroup began covering CFR with “Sell” recommendation on December 01, 2023. UBS revised its rating on August 25, 2023. It rated CFR as “a Neutral” which previously was an “a Sell”.

Price Performance Review of CFR

On Tuesday, Cullen Frost Bankers Inc. [NYSE:CFR] saw its stock jump 0.65% to $105.50. Over the last five days, the stock has lost -2.19%. Cullen Frost Bankers Inc. shares have fallen nearly -2.76% since the year began. Nevertheless, the stocks have risen 4.09% over the past one year. While a 52-week high of $120.31 was reached on 04/24/24, a 52-week low of $82.25 was recorded on 02/07/24. SMA at 50 days reached $108.25, while 200 days put it at $101.97. A total of 0.28 million shares were traded, compared to the trading of 0.41 million shares in the previous session.

Levels Of Support And Resistance For CFR Stock

The 24-hour chart illustrates a support level at 104.76, which if violated will result in even more drops to 104.02. On the upside, there is a resistance level at 106.13. A further resistance level may holdings at 106.77. The Relative Strength Index (RSI) on the 14-day chart is 43.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.35%. Stochastics %K at 21.25% indicates the stock is a holding.

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