Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Old National Bancorp shares valued at $583,162 were purchased by Brendon B. Falconer on Oct 02 ’24. At $17.97 per share, Brendon B. Falconer acquired 32,452 shares.
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Also, RYAN C KITCHELL purchased 20,000 shares, netting a total of over 375,000 in proceeds.
Before that, Stewart Derrick J had sold 14,679 shares from its account. In a trade valued at $293,828, the Director traded Old National Bancorp shares for $20.02 each. Upon closing the transaction, the insider’s holdings decreased to 14,679 shares, worth approximately $0.0.
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 drop of approximately -2.97%. Over the course of the year, Old National Bancorp shares have jumped approximately 6.51%. 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 $18.80, while a 200-day SMA reached $17.31. Nevertheless, trading volume fell to 1.12 million shares from 1.77 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 17.80, which, if violated, would cause prices to drop to 17.61. In the upper region, resistance lies at 18.12. The next price resistance is at 18.25. RSI (Relative Strength Index) is 38.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 87.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
