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Truist analysts downgrades a Hold rating for Glacier Bancorp, Inc. (GBCI)

In a filing, Glacier Bancorp, Inc. revealed its Director Goodwin Annie M. acquired Company’s shares for reported $0.25 million on Jul 31 ’24. In the deal valued at $44.56 per share,5,619 shares were bought.

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Then, Goodwin Annie M. sold 5,619 shares, generating $250,326 in total proceeds. Upon selling the shares at $44.55, the Director now owns 9,402 shares.

Before that, Chery Don J. sold 1,000 shares. Glacier Bancorp, Inc. shares valued at $45,490 were divested by the EXECUTIVE VICE PRESIDENT/CAO at a price of $45.49 per share. As a result of the transaction, Chery Don J. now holds 52,539 shares, worth roughly $2.19 million.

Truist downgraded its Glacier Bancorp, Inc. [GBCI] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late February from “a Mkt perform” to “an Outperform”.

Price Performance Review of GBCI

On Monday, Glacier Bancorp, Inc. [NYSE:GBCI] saw its stock fall -0.69% to $41.65. Over the last five days, the stock has gained 2.51%. Glacier Bancorp, Inc. shares have risen nearly 0.80% since the year began. Nevertheless, the stocks have risen 24.93% over the past one year. While a 52-week high of $46.78 was reached on 07/26/24, a 52-week low of $26.83 was recorded on 04/19/24. SMA at 50 days reached $39.25, while 200 days put it at $37.91.

Levels Of Support And Resistance For GBCI Stock

The 24-hour chart illustrates a support level at 40.92, which if violated will result in even more drops to 40.18. On the upside, there is a resistance level at 42.63. A further resistance level may holdings at 43.60. The Relative Strength Index (RSI) on the 14-day chart is 50.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.03%. Stochastics%K at 40.47% indicates the stock is a holding.

How much short interest is there in Glacier Bancorp, Inc.?

A steep rise in short interest was recorded in Glacier Bancorp, Inc. stocks on , growing by 0.85 million shares to a total of 4.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.01 million shares. There was a rise of 17.48%, which implies that there is a positive sentiment for the stock.

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