In a filing, Shore Bancshares Inc. revealed its Director LAMON JOHN acquired Company’s shares for reported $6581.0 on Jun 04 ’24. In the deal valued at $10.88 per share,605 shares were bought. As a result of this transaction, LAMON JOHN now holds 61,675 shares worth roughly $0.66 million.
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Then, KELLY CLYDE V. III bought 5,000 shares, generating $55,975 in total proceeds. Upon buying the shares at $11.19, the Director now owns 23,888 shares.
Before that, LAMON JOHN bought 578 shares. Shore Bancshares Inc. shares valued at $6,515 were divested by the Director at a price of $11.27 per share. As a result of the transaction, LAMON JOHN now holds 57,732 shares, worth roughly $0.62 million.
Janney upgraded its Shore Bancshares Inc. [SHBI] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Mkt perform”. Janney started covering the stock on August 31, 2022. It rated SHBI as “a Neutral”.
Price Performance Review of SHBI
On Tuesday, Shore Bancshares Inc. [NASDAQ:SHBI] saw its stock jump 0.19% to $10.67. Over the last five days, the stock has gained 0.76%. Shore Bancshares Inc. shares have fallen nearly -25.12% since the year began. Nevertheless, the stocks have fallen -17.03% over the past one year. While a 52-week high of $14.51 was reached on 01/02/24, a 52-week low of $9.66 was recorded on 04/17/24. SMA at 50 days reached $10.85, while 200 days put it at $11.50. A total of 63363.0 shares were traded, compared to the trading of 61100.0 shares in the previous session.
Levels Of Support And Resistance For SHBI Stock
The 24-hour chart illustrates a support level at 10.62, which if violated will result in even more drops to 10.56. On the upside, there is a resistance level at 10.74. A further resistance level may holdings at 10.81. The Relative Strength Index (RSI) on the 14-day chart is 43.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.03%. Stochastics %K at 19.87% indicates the stock is a buying.
