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A company insider recently bought 4,467 shares of Atlantic Union Bankshares Corp [AUB]. Should You Buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Atlantic Union Bankshares Corp shares valued at $137,807 were purchased by Ellett Frank Russell on Jun 10 ’24. At $30.85 per share, Ellett Frank Russell acquired 4,467 shares. The insider’s holdings grew to 56,801 shares worth approximately $1.87 million following the completion of this transaction.

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Also, Ellett Frank Russell purchased 5,000 shares, netting a total of over 157,700 in proceeds. Following the buying of shares at $31.54 each, the insider now holds 52,334 shares.

Before that, Ellett Frank Russell had added 5,000 shares to its account. In a trade valued at $158,550, the Director bought Atlantic Union Bankshares Corp shares for $31.71 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $1.56 million.

As published in their initiating research note from Stephens on September 13, 2023, Atlantic Union Bankshares Corp [AUB] has been an Overweight and the price target has been revised to $36. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early April.

Analyzing AUB Stock Performance

During the last five days, there has been a surge of approximately 4.31%. Over the course of the year, Atlantic Union Bankshares Corp shares have dropped approximately -9.88%. Shares of the company reached a 52-week high of $37.29 on 01/02/24 and a 52-week low of $30.43 on 06/11/24. A 50-day SMA is recorded $32.49, while a 200-day SMA reached $32.60. Nevertheless, trading volume fell to 0.31 million shares from 0.41 million shares the previous day.

Support And Resistance Levels for Atlantic Union Bankshares Corp (AUB)

According to the 24-hour chart, there is a support level at 32.64, which, if violated, would cause prices to drop to 32.35. In the upper region, resistance lies at 33.42. The next price resistance is at 33.91. RSI (Relative Strength Index) is 56.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.15, which suggests the price will increase in the coming days. Percent R is at 22.48%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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