International Bancshares Corp.’s filing revealed that its Director SANCHEZ ANTONIO R JR unloaded Company’s shares for reported $2.91 million on May 22 ’24. In the deal valued at $58.39 per share,49,888 shares were sold. As a result of this transaction, SANCHEZ ANTONIO R JR now holds 1,232,245 shares worth roughly $72.54 million.
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Then, SANCHEZ ANTONIO R JR sold 30,112 shares, generating $1,799,192 in total proceeds. Upon selling the shares at $59.75, the Director now owns 1,282,133 shares.
Before that, SANCHEZ ANTONIO R JR sold 40,000 shares. International Bancshares Corp. shares valued at $2,168,800 were divested by the Director at a price of $54.22 per share. As a result of the transaction, SANCHEZ ANTONIO R JR now holds 1,312,245 shares, worth roughly $77.25 million.
Standpoint Research downgraded its International Bancshares Corp. [IBOC] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Standpoint Research’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Sterne Agee began covering IBOC with “Neutral” recommendation on June 19, 2009.
Price Performance Review of IBOC
On Tuesday, International Bancshares Corp. [NASDAQ:IBOC] saw its stock jump 1.90% to $58.87. Over the last five days, the stock has gained 1.84%. International Bancshares Corp. shares have risen nearly 8.38% since the year began. Nevertheless, the stocks have risen 26.25% over the past one year. While a 52-week high of $69.87 was reached on 07/29/24, a 52-week low of $41.96 was recorded on 02/23/24. SMA at 50 days reached $59.34, while 200 days put it at $54.27.
Levels Of Support And Resistance For IBOC Stock
The 24-hour chart illustrates a support level at 57.91, which if violated will result in even more drops to 56.94. On the upside, there is a resistance level at 59.40. A further resistance level may holdings at 59.93. The Relative Strength Index (RSI) on the 14-day chart is 42.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.10%. Stochastics%K at 11.01% indicates the stock is a buying.
How much short interest is there in International Bancshares Corp.?
A steep rise in short interest was recorded in International Bancshares Corp. stocks on
