Old National Bancorp’s filing revealed that its Director Stewart Derrick J unloaded Company’s shares for reported $0.29 million on Jul 30 ’24. In the deal valued at $20.02 per share,14,679 shares were sold. As a result of this transaction, Stewart Derrick J now holds 0 shares worth roughly $0.0.
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Then, Sander Mark G sold 103,297 shares, generating $2,067,686 in total proceeds. Upon selling the shares at $20.02, the PRESIDENT AND COO now owns 308,076 shares.
Before that, DERRICK J STEWART bought 14,679 shares. Old National Bancorp shares valued at $295,600 were divested by the DIRECTOR at a price of $20.14 per share.
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 1.07% to $19.85. Over the last five days, the stock has gained 1.38%. Old National Bancorp shares have risen nearly 17.53% since the year began. Nevertheless, the stocks have risen 29.57% over the past one year. While a 52-week high of $20.43 was reached on 07/31/24, a 52-week low of $12.36 was recorded on 02/13/24. SMA at 50 days reached $18.46, while 200 days put it at $16.94.
Levels Of Support And Resistance For ONB Stock
The 24-hour chart illustrates a support level at 19.65, which if violated will result in even more drops to 19.45. On the upside, there is a resistance level at 19.97. A further resistance level may holdings at 20.08. The Relative Strength Index (RSI) on the 14-day chart is 65.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.35%. Stochastics %K at 93.76% indicates the stock is a selling.
How much short interest is there in Old National Bancorp?
A steep rise in short interest was recorded in Old National Bancorp stocks on 2024-08-15, dropping by -1.02 million shares to a total of 8.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 9.97 million shares. There was a decline of -11.36%, which implies that there is a negative sentiment for the stock.
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.
