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CVB Financial Corp. (CVBF) receives a Neutral rating from Janney

NUE

In a filing, CVB Financial Corp. revealed its EVP & CCO Farnsworth David F acquired Company’s shares for reported $18051.0 on Apr 30 ’24. In the deal valued at $16.41 per share,1,100 shares were bought. As a result of this transaction, Farnsworth David F now holds 57,474 shares worth roughly $0.92 million.

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Then, Borba George A Jr bought 59,601 shares, generating $999,997 in total proceeds. Upon buying the shares at $16.78, the Director now owns 626,311 shares.

Before that, Brager David A. bought 2,000 shares. CVB Financial Corp. shares valued at $33,500 were divested by the President & CEO at a price of $16.75 per share. As a result of the transaction, Brager David A. now holds 152,814 shares, worth roughly $2.46 million.

Janney downgraded its CVB Financial Corp. [CVBF] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Hovde Group’s analysts, who decreased its forecast for the stock in late April from “an Outperform” to “a Market perform”. Stephens began covering CVBF with “an Equal-weight” recommendation on December 08, 2023. Janney revised its rating on May 25, 2023. It rated CVBF as “a Buy” which previously was an “a Neutral”.

Price Performance Review of CVBF

On Friday, CVB Financial Corp. [NASDAQ:CVBF] saw its stock fall -0.92% to $16.08. Over the last five days, the stock has lost -2.31%. CVB Financial Corp. shares have fallen nearly -20.36% since the year began. Nevertheless, the stocks have risen 14.12% over the past one year. While a 52-week high of $21.77 was reached on 01/02/24, a 52-week low of $12.82 was recorded on 04/16/24. SMA at 50 days reached $16.64, while 200 days put it at $17.37. A total of 0.52 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For CVBF Stock

The 24-hour chart illustrates a support level at 15.94, which if violated will result in even more drops to 15.80. On the upside, there is a resistance level at 16.19. A further resistance level may holdings at 16.30. The Relative Strength Index (RSI) on the 14-day chart is 41.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.39%. Stochastics %K at 42.74% indicates the stock is a holding.

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