Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cullen Frost Bankers Inc. shares valued at $357,600 were sold by Kasanoff Howard L. on Jul 31 ’24. At $119.20 per share, Kasanoff Howard L. sold 3,000 shares. The insider’s holdings dropped to 1,598 shares worth approximately $0.19 million following the completion of this transaction.
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Also, Kasanoff Howard L. purchased 3,000 shares, netting a total of over 358,890 in proceeds.
Before that, Wolfshohl Candace K had sold 5,000 shares from its account. In a trade valued at $598,250, the GEVP Culture/PeopleDevelopment traded Cullen Frost Bankers Inc. shares for $119.65 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $2.17 million.
As published in a research note from Morgan Stanley on August 05, 2024, Cullen Frost Bankers Inc. [CFR] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $121 from $112. Analysts at Maxim Group resumed the stock at ‘”a Buy”‘ outlook in a report released in late July. As of January 08, 2024, Compass Point has decreased its “Buy” rating to a “Neutral” for CFR. Earlier on January 03, 2024, Evercore ISI downgraded its rating. Their new recommendation was “an Underperform” for CFR stock which previously was a “an In-line”.
Analyzing CFR Stock Performance
During the last five days, there has been a surge of approximately 6.31%. Over the course of the year, Cullen Frost Bankers Inc. shares have jumped approximately 6.76%. Shares of the company reached a 52-week high of $123.17 on 07/25/24 and a 52-week low of $94.09 on 06/14/24. A 50-day SMA is recorded $110.01, while a 200-day SMA reached $107.25. Nevertheless, trading volume fell to 0.53 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Cullen Frost Bankers Inc. (CFR)
According to the 24-hour chart, there is a support level at 114.21, which, if violated, would cause prices to drop to 112.61. In the upper region, resistance lies at 117.54. The next price resistance is at 119.26. RSI (Relative Strength Index) is 61.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.23, which suggests the price will increase in the coming days. Percent R is at 16.55%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
