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Berkshire Hills Bancorp Inc. [BHLB] Records 200-Day SMA of $22.01

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Berkshire Hills Bancorp Inc. shares valued at $24,221 were purchased by Mhatre Nitin J. on Apr 25 ’24. At $22.02 per share, Mhatre Nitin J. acquired 1,100 shares. The insider’s holdings grew to 88,799 shares worth approximately $2.0 million following the completion of this transaction.

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Also, Tulchiner Ellen sold 926 shares, netting a total of over 20,100 in proceeds. Following the sale of shares at $21.71 each, the insider now holds 0 shares.

Before that, Adofo-Wilson Baye had sold 10,074 shares from its account. In a trade valued at $223,549, the Director traded Berkshire Hills Bancorp Inc. shares for $22.19 each. Upon closing the transaction, the insider’s holdings decreased to 10,074 shares, worth approximately $0.0.

As published in a research note from Seaport Research Partners on January 29, 2024, Berkshire Hills Bancorp Inc. [BHLB] has been rated up from a Sell to a Neutral. Analysts at Piper Sandler upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of September 12, 2023, Seaport Research Partners has initiated its “Sell” rating for BHLB. Earlier on October 14, 2022, Piper Sandler downgraded its rating. Their new recommendation was “an Underweight” for BHLB stock which previously was a “a Neutral”.

Analyzing BHLB Stock Performance

During the last five days, there has been a surge of approximately 3.26%. Over the course of the year, Berkshire Hills Bancorp Inc. shares have dropped approximately -9.38%. Shares of the company reached a 52-week high of $25.63 on 01/29/24 and a 52-week low of $20.50 on 04/19/24. A 50-day SMA is recorded $22.15, while a 200-day SMA reached $22.01. Nevertheless, trading volume fell to 92413.0 shares from 0.21 million shares the previous day.

Support And Resistance Levels for Berkshire Hills Bancorp Inc. (BHLB)

According to the 24-hour chart, there is a support level at 22.33, which, if violated, would cause prices to drop to 22.16. In the upper region, resistance lies at 22.84. The next price resistance is at 23.18. RSI (Relative Strength Index) is 56.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.95, which suggests the price will decrease in the coming days. Percent R is at 25.11%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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