Old National Bancorp’s recently made public that its Former SEVP, Chief Financial O Brendon B. Falconer acquired Company’s shares for reported $0.58 million on Oct 02 ’24. In the deal valued at $17.97 per share,32,452 shares were bought.
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Then, RYAN C KITCHELL bought 20,000 shares, generating $375,000 in total proceeds.
Before that, Stewart Derrick J sold 14,679 shares. Old National Bancorp shares valued at $293,828 were divested by the Director at a price of $20.02 per share. As a result of the transaction, Stewart Derrick J now holds 0 shares, worth roughly $0.0.
A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Overweight”‘ rating. Citigroup began covering ONB with “Buy” recommendation on December 01, 2023. UBS revised its rating on July 10, 2023. It rated ONB as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ONB
On Monday, Old National Bancorp [NASDAQ:ONB] saw its stock fall -0.87% to $18.13. Over the last five days, the stock has lost -2.84%. Old National Bancorp shares have risen nearly 7.34% since the year began. Nevertheless, the stocks have risen 25.38% over the past one year. While a 52-week high of $20.43 was reached on 07/31/24, a 52-week low of $12.36 was recorded on 02/13/24. SMA at 50 days reached $18.73, while 200 days put it at $17.32.
Levels Of Support And Resistance For ONB Stock
The 24-hour chart illustrates a support level at 18.01, which if violated will result in even more drops to 17.89. On the upside, there is a resistance level at 18.24. A further resistance level may holdings at 18.36. The Relative Strength Index (RSI) on the 14-day chart is 42.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.90%. Stochastics %K at 20.45% indicates the stock is a holding.
How much short interest is there in Old National Bancorp?
A steep rise in short interest was recorded in Old National Bancorp stocks on 2024-09-13, growing by 0.39 million shares to a total of 9.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.95 million shares. There was a rise of 4.15%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 15, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $16 price target.
