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An Analysis of First Busey Corp. (BUSE)’s Potential Price Growth

First Busey Corp.’s recently made public that its Principal Accounting Officer Phillips Scott A. acquired Company’s shares for reported $767.0 on Jul 30 ’24. In the deal valued at $28.19 per share,27 shares were bought. As a result of this transaction, Phillips Scott A. now holds 3,223 shares worth roughly $83798.0.

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Then, Phillips Scott A. bought 6 shares, generating $165 in total proceeds. Upon buying the shares at $28.19, the Principal Accounting Officer now owns 6,307 shares.

Before that, Jones Jeffrey David bought 67 shares. First Busey Corp. shares valued at $1,539 were divested by the EVP & CFO at a price of $22.85 per share. As a result of the transaction, Jones Jeffrey David now holds 6,481 shares, worth roughly $0.17 million.

Stephens downgraded its First Busey Corp. [BUSE] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late January from “a Mkt perform” to “an Outperform”. Stephens also remained covering BUSE and has increased its forecast on April 09, 2020 with a “an Overweight” recommendation from previously “an Equal-weight” rating. DA Davidson revised its rating on February 03, 2020. It rated BUSE as “a Neutral” which previously was an “a Buy”.

Price Performance Review of BUSE

On Friday, First Busey Corp. [NASDAQ:BUSE] saw its stock fall -0.95% to $26.00. Over the last five days, the stock has gained 2.89%. First Busey Corp. shares have risen nearly 4.75% since the year began. Nevertheless, the stocks have risen 32.79% over the past one year. While a 52-week high of $28.97 was reached on 07/25/24, a 52-week low of $17.51 was recorded on 04/18/24. SMA at 50 days reached $25.89, while 200 days put it at $24.23.

Levels Of Support And Resistance For BUSE Stock

The 24-hour chart illustrates a support level at 25.79, which if violated will result in even more drops to 25.58. On the upside, there is a resistance level at 26.17. A further resistance level may holdings at 26.34. The Relative Strength Index (RSI) on the 14-day chart is 54.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.19%. Stochastics %K at 90.44% indicates the stock is a selling.

How much short interest is there in First Busey Corp.?

A steep rise in short interest was recorded in First Busey Corp. stocks on 2024-09-30, dropping by 58696.0 shares to a total of 1.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.13 million shares. There was a decline of -5.48%, which implies that there is a negative sentiment for the stock.

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