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Taking a look at what insiders are doing to gauge the Associated Banc-Corp. (ASB)’s direction

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Associated Banc-Corp. shares valued at $546,467 were purchased by Erickson Randall J. on Jul 31 ’24. At $22.99 per share, Erickson Randall J. acquired 23,774 shares.

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Also, Stein David L purchased 32,107 shares, netting a total of over 743,453 in proceeds.

Before that, Schmidt Paul Gregory had added 23,673 shares to its account. In a trade valued at $548,909, the Officer bought Associated Banc-Corp. shares for $23.19 each.

As published in a research note from Robert W. Baird on July 17, 2024, Associated Banc-Corp. [ASB] has been rated down from an Outperform to a Neutral and the price target has been revised to $27. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early March. As of October 04, 2023, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for ASB. Earlier on September 05, 2023, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for ASB stock which previously was a “a Neutral”.

Analyzing ASB Stock Performance

During the last five days, there has been a drop of approximately -0.73%. Over the course of the year, Associated Banc-Corp. shares have jumped approximately 7.43%. Shares of the company reached a 52-week high of $24.21 on 07/25/24 and a 52-week low of $19.40 on 02/13/24. A 50-day SMA is recorded $21.39, while a 200-day SMA reached $20.38. Nevertheless, trading volume fell to 2.0 million shares from 1.83 million shares the previous day.

Support And Resistance Levels for Associated Banc-Corp. (ASB)

According to the 24-hour chart, there is a support level at 22.78, which, if violated, would cause prices to drop to 22.59. In the upper region, resistance lies at 23.31. The next price resistance is at 23.64. RSI (Relative Strength Index) is 56.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 46.42%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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