As this happened, Janney initiated its Sandy Spring Bancorp [SASR] rating to a Neutral in a research note published on March 01, 2024; the price target was $25. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Neutral”. Stephens began covering SASR with “an Equal-weight” recommendation on April 04, 2023.
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Price Performance Review of SASR
On Tuesday, Sandy Spring Bancorp [NASDAQ:SASR] saw its stock jump 0.82% to $32.04. Over the last five days, the stock has lost -2.91%. Sandy Spring Bancorp shares have risen nearly 17.62% since the year began. Nevertheless, the stocks have risen 61.82% over the past one year. While a 52-week high of $34.19 was reached on 09/18/24, a 52-week low of $19.27 was recorded on 04/16/24. SMA at 50 days reached $31.22, while 200 days put it at $25.63.
Levels Of Support And Resistance For SASR Stock
The 24-hour chart illustrates a support level at 31.44, which if violated will result in even more drops to 30.85. On the upside, there is a resistance level at 32.47. A further resistance level may holdings at 32.91. The Relative Strength Index (RSI) on the 14-day chart is 52.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.01%. Stochastics %K at 55.26% indicates the stock is a holding.
How much short interest is there in Sandy Spring Bancorp?
A steep rise in short interest was recorded in Sandy Spring Bancorp stocks on 2024-09-30, dropping by 14392.0 shares to a total of 0.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.95 million shares. There was a decline of -1.53%, which implies that there is a negative sentiment for the stock.
