Customers Bancorp Inc’s recently made public that its President, CEO Sidhu Samvir S. acquired Company’s shares for reported $0.11 million on Aug 13 ’24. In the deal valued at $45.53 per share,2,500 shares were bought. As a result of this transaction, Sidhu Samvir S. now holds 144,504 shares worth roughly $6.89 million.
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Then, Leibold Carla A sold 35,832 shares, generating $1,904,464 in total proceeds. Upon selling the shares at $53.15, the Chief Financial Officer now owns 41,224 shares.
Before that, Hedde Glenn sold 666 shares. Customers Bancorp Inc shares valued at $36,096 were divested by the Pres Mortgage WarehouseLending at a price of $54.20 per share. As a result of the transaction, Hedde Glenn now holds 69,428 shares, worth roughly $3.31 million.
Hovde Group downgraded its Customers Bancorp Inc [CUBI] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in early May has reiterated a ‘”an Outperform”‘ rating for it. Raymond James started covering the stock on September 29, 2023. It rated CUBI as “a Strong buy”.
Price Performance Review of CUBI
On Friday, Customers Bancorp Inc [NYSE:CUBI] saw its stock fall -3.68% to $47.70. Over the last five days, the stock has lost -1.34%. Customers Bancorp Inc shares have fallen nearly -17.22% since the year began. Nevertheless, the stocks have risen 47.31% over the past one year. While a 52-week high of $68.49 was reached on 07/26/24, a 52-week low of $31.16 was recorded on 06/11/24. SMA at 50 days reached $53.15, while 200 days put it at $51.06.
Levels Of Support And Resistance For CUBI Stock
The 24-hour chart illustrates a support level at 47.12, which if violated will result in even more drops to 46.54. On the upside, there is a resistance level at 48.86. A further resistance level may holdings at 50.02. The Relative Strength Index (RSI) on the 14-day chart is 41.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.43%. Stochastics %K at 37.43% indicates the stock is a holding.
How much short interest is there in Customers Bancorp Inc?
A steep rise in short interest was recorded in Customers Bancorp Inc stocks on 2024-08-30, dropping by -0.15 million shares to a total of 2.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.89 million shares. There was a decline of -5.66%, which implies that there is a negative sentiment for the stock.
