In a filing, Commerce Bancshares, Inc. revealed its Senior Vice President Kellerhals Patricia R unloaded Company’s shares for reported $0.12 million on Sep 16 ’24. In the deal valued at $62.23 per share,2,000 shares were sold. As a result of this transaction, Kellerhals Patricia R now holds 23,381 shares worth roughly $1.43 million.
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Then, Kellerhals Patricia R bought 2,000 shares, generating $124,455 in total proceeds.
Before that, Handy John K sold 1,331 shares. Commerce Bancshares, Inc. shares valued at $84,918 were divested by the Executive Vice President at a price of $63.80 per share. As a result of the transaction, Handy John K now holds 41,548 shares, worth roughly $2.55 million.
Morgan Stanley downgraded its Commerce Bancshares, Inc. [CBSH] rating to an Equal-weight from a an Overweight in a research note published on September 30, 2024; the price target was decreased to $64 from $66. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid April from “a Mkt perform” to “an Outperform”. BofA Securities began covering CBSH with “Neutral” recommendation on January 11, 2024. Morgan Stanley revised its rating on September 27, 2023. It rated CBSH as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of CBSH
On Friday, Commerce Bancshares, Inc. [NASDAQ:CBSH] saw its stock jump 0.28% to $61.28. Over the last five days, the stock has gained 2.30%. Commerce Bancshares, Inc. shares have risen nearly 14.74% since the year began. Nevertheless, the stocks have risen 31.56% over the past one year. While a 52-week high of $65.86 was reached on 07/31/24, a 52-week low of $40.91 was recorded on 02/13/24. SMA at 50 days reached $61.03, while 200 days put it at $56.32.
Levels Of Support And Resistance For CBSH Stock
The 24-hour chart illustrates a support level at 60.62, which if violated will result in even more drops to 59.95. On the upside, there is a resistance level at 61.64. A further resistance level may holdings at 61.99. The Relative Strength Index (RSI) on the 14-day chart is 56.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.44%. Stochastics %K at 70.63% indicates the stock is a holding.
How much short interest is there in Commerce Bancshares, Inc.?
A steep rise in short interest was recorded in Commerce Bancshares, Inc. stocks on 2024-09-30, dropping by -0.31 million shares to a total of 1.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.66 million shares. There was a decline of -22.59%, which implies that there is a negative sentiment for the stock.
