Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Westamerica Bancorporation shares valued at $30,235 were sold by Ensinger George S on Apr 29 ’24. At $47.61 per share, Ensinger George S sold 635 shares. The insider’s holdings dropped to 4,073 shares worth approximately $0.2 million following the completion of this transaction.
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Also, Belew Alisa Jane purchased 208 shares, netting a total of over 9,943 in proceeds. Following the buying of shares at $47.80 each, the insider now holds 208 shares.
Before that, THORSON JOHN A had sold 1,100 shares from its account. In a trade valued at $51,964, the SVP/CFO traded Westamerica Bancorporation shares for $47.24 each. Upon closing the transaction, the insider’s holdings decreased to 1,100 shares, worth approximately $0.0.
Analysts at Maxim Group upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early April. As of April 21, 2017, Keefe Bruyette has increased its “an Underperform” rating to a “Mkt perform” for WABC. Earlier on July 25, 2016, Keefe Bruyette downgraded its rating. Their new recommendation was “an Underperform” for WABC stock which previously was a “a Mkt perform”.
Analyzing WABC Stock Performance
During the last five days, there has been a surge of approximately 2.60%. Over the course of the year, Westamerica Bancorporation shares have dropped approximately -14.61%. Shares of the company reached a 52-week high of $57.09 on 01/02/24 and a 52-week low of $43.82 on 02/07/24. A 50-day SMA is recorded $48.10, while a 200-day SMA reached $48.31. Nevertheless, trading volume fell to 66433.0 shares from 98400.0 shares the previous day.
Support And Resistance Levels for Westamerica Bancorporation (WABC)
According to the 24-hour chart, there is a support level at 48.00, which, if violated, would cause prices to drop to 47.84. In the upper region, resistance lies at 48.49. The next price resistance is at 48.82. RSI (Relative Strength Index) is 53.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.96, which suggests the price will decrease in the coming days. Percent R is at 24.22%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
