Associated Banc-Corp.’s recent filing unveils that its Director VAN LITH KAREN unloaded Company’s shares for reported $0.17 million on Sep 12 ’24. In the deal valued at $20.48 per share,8,061 shares were sold. As a result of this transaction, VAN LITH KAREN now holds 54,114 shares worth roughly $1.19 million.
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Then, VAN LITH KAREN bought 4,940 shares, generating $101,319 in total proceeds.
Before that, VAN LITH KAREN bought 3,121 shares. Associated Banc-Corp. shares valued at $64,105 were divested by the Director at a price of $20.54 per share.
Robert W. Baird downgraded its Associated Banc-Corp. [ASB] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. Wells Fargo also remained covering ASB and has decreased its forecast on October 04, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Robert W. Baird revised its rating on September 05, 2023. It rated ASB as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of ASB
On Monday, Associated Banc-Corp. [NYSE:ASB] saw its stock fall -3.46% to $22.06. Over the last five days, the stock has lost -0.14%. Associated Banc-Corp. shares have risen nearly 3.13% since the year began. Nevertheless, the stocks have risen 34.51% over the past one year. While a 52-week high of $24.21 was reached on 07/25/24, a 52-week low of $15.16 was recorded on 02/13/24. SMA at 50 days reached $21.60, while 200 days put it at $21.26.
Levels Of Support And Resistance For ASB Stock
The 24-hour chart illustrates a support level at 21.75, which if violated will result in even more drops to 21.44. On the upside, there is a resistance level at 22.60. A further resistance level may holdings at 23.13. The Relative Strength Index (RSI) on the 14-day chart is 53.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.84%. Stochastics %K at 81.82% indicates the stock is a selling.
How much short interest is there in Associated Banc-Corp.?
A steep rise in short interest was recorded in Associated Banc-Corp. stocks on 2024-09-30, dropping by -1.23 million shares to a total of 5.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.69 million shares. There was a decline of -22.55%, which implies that there is a negative sentiment for the stock.
