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Taking a Closer Look At Columbia Banking System, Inc. (COLB) Following Its Recent Trade

Columbia Banking System, Inc.’s recently made public that its Director SEATON ELIZABETH WHITEHEAD acquired Company’s shares for reported $49619.0 on Feb 06 ’24. In the deal valued at $18.48 per share,2,685 shares were bought. As a result of this transaction, SEATON ELIZABETH WHITEHEAD now holds 25,001 shares worth roughly $0.47 million.

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Then, Deer Aaron James bought 2,000 shares, generating $38,648 in total proceeds. Upon buying the shares at $19.32, the Chief Strategy/Innovation Offc now owns 36,850 shares.

Before that, Lund Randal Lee bought 1,000 shares. Columbia Banking System, Inc. shares valued at $19,288 were divested by the Director at a price of $19.29 per share. As a result of the transaction, Lund Randal Lee now holds 17,149 shares, worth roughly $0.32 million.

Barclays initiated its Columbia Banking System, Inc. [COLB] rating to an Equal weight in a research note published on March 08, 2024; the price target was $20. A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in late January from “an Overweight” to “an Equal-weight”. Raymond James also remained covering COLB and has decreased its forecast on January 25, 2024 with a “an Outperform” recommendation from previously “Strong buy” rating. Keefe Bruyette revised its rating on January 25, 2024. It rated COLB as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of COLB

On Tuesday, Columbia Banking System, Inc. [NASDAQ:COLB] saw its stock fall -0.27% to $18.77. Over the last five days, the stock has lost -6.48%. Columbia Banking System, Inc. shares have fallen nearly -29.65% since the year began. Nevertheless, the stocks have fallen -10.02% over the past one year. While a 52-week high of $28.11 was reached on 01/02/24, a 52-week low of $17.08 was recorded on 04/16/24. SMA at 50 days reached $19.03, while 200 days put it at $20.72. A total of 1.76 million shares were traded, compared to the trading of 1.9 million shares in the previous session.

Levels Of Support And Resistance For COLB Stock

The 24-hour chart illustrates a support level at 18.60, which if violated will result in even more drops to 18.44. On the upside, there is a resistance level at 18.93. A further resistance level may holdings at 19.10. The Relative Strength Index (RSI) on the 14-day chart is 38.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.75%. Stochastics %K at 7.22% indicates the stock is a buying.

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