Associated Banc-Corp.’s filing revealed that its Executive Vice President Stein David L unloaded Company’s shares for reported $0.14 million on Aug 30 ’24. In the deal valued at $22.73 per share,6,231 shares were sold. As a result of this transaction, Stein David L now holds 49,297 shares worth roughly $1.13 million.
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Then, Stein David L bought 6,231 shares, generating $142,004 in total proceeds.
Before that, Utz John A. sold 2,000 shares. Associated Banc-Corp. shares valued at $45,562 were divested by the Executive Vice President at a price of $22.78 per share. As a result of the transaction, Utz John A. now holds 99,637 shares, worth roughly $2.28 million.
Robert W. Baird downgraded its Associated Banc-Corp. [ASB] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. Wells Fargo also remained covering ASB and has decreased its forecast on October 04, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Robert W. Baird revised its rating on September 05, 2023. It rated ASB as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of ASB
On Friday, Associated Banc-Corp. [NYSE:ASB] saw its stock jump 0.75% to $22.88. Over the last five days, the stock has gained 1.51%. Associated Banc-Corp. shares have risen nearly 6.97% since the year began. Nevertheless, the stocks have risen 33.64% over the past one year. While a 52-week high of $24.21 was reached on 07/25/24, a 52-week low of $15.16 was recorded on 02/13/24. SMA at 50 days reached $21.66, while 200 days put it at $20.92.
Levels Of Support And Resistance For ASB Stock
The 24-hour chart illustrates a support level at 22.65, which if violated will result in even more drops to 22.42. On the upside, there is a resistance level at 23.03. A further resistance level may holdings at 23.19. The Relative Strength Index (RSI) on the 14-day chart is 63.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.68%. Stochastics %K at 92.75% indicates the stock is a selling.
How much short interest is there in Associated Banc-Corp.?
A steep rise in short interest was recorded in Associated Banc-Corp. stocks on 2024-08-15, growing by 1.4 million shares to a total of 7.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 5.6 million shares. There was a rise of 19.99%, which implies that there is a positive sentiment for the stock.
