Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Associated Banc-Corp. shares valued at $165,091 were sold by VAN LITH KAREN on Sep 12 ’24. At $20.48 per share, VAN LITH KAREN sold 8,061 shares. The insider’s holdings dropped to 54,114 shares worth approximately $1.15 million following the completion of this transaction.
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Also, VAN LITH KAREN purchased 4,940 shares, netting a total of over 101,319 in proceeds.
Before that, VAN LITH KAREN had added 3,121 shares to its account. In a trade valued at $64,105, the Director bought Associated Banc-Corp. shares for $20.54 each.
As published in a research note from Robert W. Baird on July 17, 2024, Associated Banc-Corp. [ASB] has been rated down from an Outperform to a Neutral and the price target has been revised to $27. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early March. As of October 04, 2023, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for ASB. Earlier on September 05, 2023, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for ASB stock which previously was a “a Neutral”.
Analyzing ASB Stock Performance
During the last five days, there has been a surge of approximately 3.29%. Over the course of the year, Associated Banc-Corp. shares have dropped approximately -0.23%. Shares of the company reached a 52-week high of $24.21 on 07/25/24 and a 52-week low of $19.40 on 02/13/24. A 50-day SMA is recorded $21.35, while a 200-day SMA reached $21.22. Nevertheless, trading volume fell to 1.55 million shares from 0.87 million shares the previous day.
Support And Resistance Levels for Associated Banc-Corp. (ASB)
According to the 24-hour chart, there is a support level at 21.06, which, if violated, would cause prices to drop to 20.79. In the upper region, resistance lies at 21.52. The next price resistance is at 21.71. RSI (Relative Strength Index) is 50.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 33.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.