Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CVB Financial Corp. shares valued at $50,763 were sold by Sheehy Kimberly H. on Jul 02 ’24. At $17.14 per share, Sheehy Kimberly H. sold 2,961 shares. The insider’s holdings dropped to 13,156 shares worth approximately $0.25 million following the completion of this transaction.
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Also, Borba George A Jr purchased 34,200 shares, netting a total of over 546,837 in proceeds. Following the buying of shares at $15.99 each, the insider now holds 660,511 shares.
Before that, Borba George A Jr had added 4,610 shares to its account. In a trade valued at $73,755, the Director bought CVB Financial Corp. shares for $16.00 each. Upon closing the transaction, the insider’s holdings increased to 4,610 shares, worth approximately $12.63 million.
As published in a research note from Keefe Bruyette on October 02, 2024, CVB Financial Corp. [CVBF] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $22 from $20. Analysts at Janney downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of April 22, 2024, Hovde Group has decreased its “an Outperform” rating to a “Market perform” for CVBF. Earlier on December 08, 2023, Stephens initiated its rating. Their recommendation was “an Equal-weight” for CVBF stock.
Analyzing CVBF Stock Performance
During the last five days, there has been a drop of approximately -3.51%. Over the course of the year, CVB Financial Corp. shares have dropped approximately -5.94%. Shares of the company reached a 52-week high of $20.45 on 01/02/24 and a 52-week low of $15.71 on 04/16/24. A 50-day SMA is recorded $17.98, while a 200-day SMA reached $17.46. Nevertheless, trading volume fell to 0.94 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for CVB Financial Corp. (CVBF)
According to the 24-hour chart, there is a support level at 18.79, which, if violated, would cause prices to drop to 18.60. In the upper region, resistance lies at 19.14. The next price resistance is at 19.30. RSI (Relative Strength Index) is 57.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 43.76%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
