Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. NBT Bancorp. Inc. shares valued at $47,249 were sold by Halliday Sarah A on Jun 14 ’24. At $35.66 per share, Halliday Sarah A sold 1,325 shares. The insider’s holdings dropped to 32,402 shares worth approximately $1.23 million following the completion of this transaction.
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Also, Wiles Amy sold 641 shares, netting a total of over 21,550 in proceeds. Following the sale of shares at $33.62 each, the insider now holds 21,934 shares.
Before that, Kingsley Scott Allen had added 1,000 shares to its account. In a trade valued at $34,000, the EVP & Chief Financial Officer bought NBT Bancorp. Inc. shares for $34.00 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $1.01 million.
As published in a research note from Janney on March 21, 2024, NBT Bancorp. Inc. [NBTB] has been rated up from a Neutral to a Buy. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in early June. As of December 21, 2022, Raymond James has initiated its “Strong buy” rating for NBTB.
Analyzing NBTB Stock Performance
During the last five days, there has been a surge of approximately 2.97%. Over the course of the year, NBT Bancorp. Inc. shares have dropped approximately -9.14%. Shares of the company reached a 52-week high of $42.87 on 01/02/24 and a 52-week low of $32.79 on 03/20/24. A 50-day SMA is recorded $36.76, while a 200-day SMA reached $35.94. Nevertheless, trading volume fell to 94595.0 shares from 0.16 million shares the previous day.
Support And Resistance Levels for NBT Bancorp. Inc. (NBTB)
According to the 24-hour chart, there is a support level at 37.83, which, if violated, would cause prices to drop to 37.59. In the upper region, resistance lies at 38.56. The next price resistance is at 39.05. RSI (Relative Strength Index) is 58.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.33, which suggests the price will increase in the coming days. Percent R is at 25.67%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
