Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Old National Bancorp shares valued at $375,000 were purchased by RYAN C KITCHELL on Sep 13 ’24. At $18.75 per share, RYAN C KITCHELL acquired 20,000 shares.
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Also, Stewart Derrick J sold 14,679 shares, netting a total of over 293,828 in proceeds. Following the sale of shares at $20.02 each, the insider now holds 0 shares.
Before that, Sander Mark G had sold 103,297 shares from its account. In a trade valued at $2,067,686, the PRESIDENT AND COO traded Old National Bancorp shares for $20.02 each. Upon closing the transaction, the insider’s holdings decreased to 103,297 shares, worth approximately $5.87 million.
Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early March. As of December 01, 2023, Citigroup has initiated its “Buy” rating for ONB. Earlier on July 10, 2023, UBS upgraded its rating. Their new recommendation was “a Buy” for ONB stock which previously was a “a Neutral”.
Analyzing ONB Stock Performance
During the last five days, there has been a surge of approximately 4.38%. Over the course of the year, Old National Bancorp shares have jumped approximately 12.79%. Shares of the company reached a 52-week high of $20.43 on 07/31/24 and a 52-week low of $15.36 on 02/13/24. A 50-day SMA is recorded $18.93, while a 200-day SMA reached $17.18. Nevertheless, trading volume fell to 2.24 million shares from 1.58 million shares the previous day.
Support And Resistance Levels for Old National Bancorp (ONB)
According to the 24-hour chart, there is a support level at 18.67, which, if violated, would cause prices to drop to 18.30. In the upper region, resistance lies at 19.54. The next price resistance is at 20.04. RSI (Relative Strength Index) is 54.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 40.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
