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Understanding the Risks of Investing in CVB Financial Corp. (CVBF)

CVB Financial Corp.’s recently made public that its Director Sheehy Kimberly H. unloaded Company’s shares for reported $50763.0 on Jul 02 ’24. In the deal valued at $17.14 per share,2,961 shares were sold. As a result of this transaction, Sheehy Kimberly H. now holds 13,156 shares worth roughly $ 0.22 million.

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Then, Borba George A Jr bought 34,200 shares, generating $546,837 in total proceeds. Upon buying the shares at $15.99, the Director now owns 660,511 shares.

Before that, Borba George A Jr bought 4,610 shares. CVB Financial Corp. shares valued at $73,755 were divested by the Director at a price of $16.00 per share. As a result of the transaction, Borba George A Jr now holds 665,121 shares, worth roughly $11.25 million.

Janney downgraded its CVB Financial Corp. [CVBF] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Hovde Group’s analysts, who decreased its forecast for the stock in late April from “an Outperform” to “a Market perform”. Stephens began covering CVBF with “an Equal-weight” recommendation on December 08, 2023. Janney revised its rating on May 25, 2023. It rated CVBF as “a Buy” which previously was an “a Neutral”.

Price Performance Review of CVBF

On Monday, CVB Financial Corp. [NASDAQ:CVBF] saw its stock fall -1.23% to $16.92. Over the last five days, the stock has lost -8.14%. CVB Financial Corp. shares have fallen nearly -16.20% since the year began. Nevertheless, the stocks have fallen -1.63% over the past one year. While a 52-week high of $21.77 was reached on 01/02/24, a 52-week low of $14.62 was recorded on 04/16/24. SMA at 50 days reached $17.84, while 200 days put it at $17.66.

Levels Of Support And Resistance For CVBF Stock

The 24-hour chart illustrates a support level at 16.78, which if violated will result in even more drops to 16.63. On the upside, there is a resistance level at 17.13. A further resistance level may holdings at 17.33. The Relative Strength Index (RSI) on the 14-day chart is 39.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.43%. Stochastics %K at 21.27% indicates the stock is a holding.

How much short interest is there in CVB Financial Corp.?

A steep rise in short interest was recorded in CVB Financial Corp. stocks on 2024-08-15, growing by 0.13 million shares to a total of 6.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 6.16 million shares. There was a rise of 2.13%, which implies that there is a positive sentiment for the stock.

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