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UMBF Shares Experience Decline in Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. UMB Financial Corp. shares valued at $511,200 were purchased by ROBBINS KRIS A on Sep 05 ’24. At $102.24 per share, ROBBINS KRIS A acquired 5,000 shares.

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Also, KEMPER J MARINER sold 24,300 shares, netting a total of over 2,503,212 in proceeds. Following the sale of shares at $103.01 each, the insider now holds 1,625,204 shares.

Before that, R C Kemper Jr Charitable Trust had added 6,450 shares to its account. In a trade valued at $668,156, the Affiliate bought UMB Financial Corp. shares for $103.59 each.

As published in a research note from Keefe Bruyette on May 31, 2024, UMB Financial Corp. [UMBF] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $98. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late April. As of March 08, 2024, Barclays has initiated its “an Equal weight” rating for UMBF. Earlier on October 26, 2023, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for UMBF stock which previously was a “an Outperform”.

Analyzing UMBF Stock Performance

During the last five days, there has been a drop of approximately -0.30%. Over the course of the year, UMB Financial Corp. shares have jumped approximately 22.37%. Shares of the company reached a 52-week high of $105.72 on 08/26/24 and a 52-week low of $76.00 on 04/29/24. A 50-day SMA is recorded $93.89, while a 200-day SMA reached $84.07. Nevertheless, trading volume fell to 0.34 million shares from 1.17 million shares the previous day.

Support And Resistance Levels for UMB Financial Corp. (UMBF)

According to the 24-hour chart, there is a support level at 101.11, which, if violated, would cause prices to drop to 99.99. In the upper region, resistance lies at 104.03. The next price resistance is at 105.83. RSI (Relative Strength Index) is 60.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.50, which suggests the price will increase in the coming days. Percent R is at 35.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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