The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Associated Banc-Corp. shares valued at $546,564 were sold by Erickson Randall J. on Jul 31 ’24. At $22.99 per share, Erickson Randall J. sold 23,774 shares. The insider’s holdings dropped to 128,680 shares worth approximately $2.64 million following the completion of this transaction.
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Also, Schmidt Paul Gregory sold 23,673 shares, netting a total of over 548,977 in proceeds. Following the sale of shares at $23.19 each, the insider now holds 49,578 shares.
Before that, Stein David L had sold 32,107 shares from its account. In a trade valued at $743,277, the Executive Vice President traded Associated Banc-Corp. shares for $23.15 each. Upon closing the transaction, the insider’s holdings decreased to 32,107 shares, worth approximately $1.66 million.
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 surge of approximately 2.09%. Over the course of the year, Associated Banc-Corp. shares have dropped approximately -4.21%. 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 $21.27, while a 200-day SMA reached $20.61. Nevertheless, trading volume fell to 0.93 million shares from 1.21 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 20.29, which, if violated, would cause prices to drop to 20.08. In the upper region, resistance lies at 20.71. The next price resistance is at 20.93. RSI (Relative Strength Index) is 39.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.90, which suggests the price will decrease in the coming days. Percent R is at 83.41%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
