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Recent Insider Activity Could Benefit Stock Yards Bancorp Inc (SYBT)

Stock Yards Bancorp Inc’s filing revealed that its Director HEINTZMAN DAVID P unloaded Company’s shares for reported $0.17 million on Sep 19 ’24. In the deal valued at $63.07 per share,2,700 shares were sold. As a result of this transaction, HEINTZMAN DAVID P now holds 29,786 shares worth roughly $1.91 million.

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Then, HEINTZMAN DAVID P bought 2,700 shares, generating $170,770 in total proceeds.

Before that, HEINTZMAN DAVID P sold 3,000 shares. Stock Yards Bancorp Inc shares valued at $177,466 were divested by the Director at a price of $59.16 per share. As a result of the transaction, HEINTZMAN DAVID P now holds 30,551 shares, worth roughly $1.96 million.

A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in late July has reiterated a ‘”an Outperform”‘ rating for it.

Price Performance Review of SYBT

On Monday, Stock Yards Bancorp Inc [NASDAQ:SYBT] saw its stock fall -2.48% to $64.04. Over the last five days, the stock has lost -0.03%. Stock Yards Bancorp Inc shares have risen nearly 24.37% since the year began. Nevertheless, the stocks have risen 59.90% over the past one year. While a 52-week high of $67.12 was reached on 10/16/24, a 52-week low of $36.93 was recorded on 04/17/24. SMA at 50 days reached $60.19, while 200 days put it at $51.50.

Levels Of Support And Resistance For SYBT Stock

The 24-hour chart illustrates a support level at 62.97, which if violated will result in even more drops to 61.90. On the upside, there is a resistance level at 65.39. A further resistance level may holdings at 66.74. The Relative Strength Index (RSI) on the 14-day chart is 57.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.80%. Stochastics %K at 81.47% indicates the stock is a selling.

How much short interest is there in Stock Yards Bancorp Inc?

A steep rise in short interest was recorded in Stock Yards Bancorp Inc stocks on 2024-09-30, dropping by 78965.0 shares to a total of 1.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.0 million shares. There was a decline of -4.11%, which implies that there is a negative sentiment for the stock.

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