In a filing, Old National Bancorp revealed its CEO, WEALTH MANAGEMENT ALAHMAR CHADY M. unloaded Company’s shares for reported $0.27 million on Jun 11 ’24. In the deal valued at $15.90 per share,17,165 shares were sold. As a result of this transaction, ALAHMAR CHADY M. now holds 50,001 shares worth roughly $1.01 million.
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Then, FALCONER BRENDON B sold 49,375 shares, generating $803,825 in total proceeds. Upon selling the shares at $16.28, the CHIEF FINANCIAL OFFICER now owns 88,712 shares.
Before that, SCUDDER MICHAEL L sold 50,000 shares. Old National Bancorp shares valued at $840,500 were divested by the EXECUTIVE CHAIRMAN at a price of $16.81 per share. As a result of the transaction, SCUDDER MICHAEL L now holds 215,796 shares, worth roughly $4.36 million.
A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Overweight”‘ rating. Citigroup began covering ONB with “Buy” recommendation on December 01, 2023. UBS revised its rating on July 10, 2023. It rated ONB as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ONB
On Friday, Old National Bancorp [NASDAQ:ONB] saw its stock jump 1.46% to $20.22. Over the last five days, the stock has gained 4.01%. Old National Bancorp shares have risen nearly 19.72% since the year began. Nevertheless, the stocks have risen 17.22% over the past one year. While a 52-week high of $20.38 was reached on 07/24/24, a 52-week low of $12.36 was recorded on 02/13/24. SMA at 50 days reached $17.37, while 200 days put it at $16.35. A total of 2.43 million shares were traded, compared to the trading of 4.38 million shares in the previous session.
Levels Of Support And Resistance For ONB Stock
The 24-hour chart illustrates a support level at 20.00, which if violated will result in even more drops to 19.78. On the upside, there is a resistance level at 20.37. A further resistance level may holdings at 20.51. The Relative Strength Index (RSI) on the 14-day chart is 74.95, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.12%. Stochastics%K at 90.29% indicates the stock is a selling.
The most recent change occurred on March 15, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $16 price target.
