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A company insider recently sold 5,619 shares of Glacier Bancorp, Inc. [GBCI]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Glacier Bancorp, Inc. shares valued at $250,326 were sold by Goodwin Annie M. on Jul 31 ’24. At $44.55 per share, Goodwin Annie M. sold 5,619 shares. The insider’s holdings dropped to 9,402 shares worth approximately $0.45 million following the completion of this transaction.

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Also, Goodwin Annie M. purchased 5,619 shares, netting a total of over 250,355 in proceeds.

Before that, Chery Don J. had sold 1,000 shares from its account. In a trade valued at $45,490, the EXECUTIVE VICE PRESIDENT/CAO traded Glacier Bancorp, Inc. shares for $45.49 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.51 million.

As published in a research note from Truist on July 24, 2023, Glacier Bancorp, Inc. [GBCI] has been rated down from a Buy to a Hold and the price target has been revised to $34. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late February.

Analyzing GBCI Stock Performance

During the last five days, there has been a drop of approximately -2.87%. Over the course of the year, Glacier Bancorp, Inc. shares have jumped approximately 15.51%. Shares of the company reached a 52-week high of $49.40 on 10/16/24 and a 52-week low of $34.35 on 04/19/24. A 50-day SMA is recorded $45.45, while a 200-day SMA reached $40.30. Nevertheless, trading volume fell to 0.71 million shares from 0.39 million shares the previous day.

Support And Resistance Levels for Glacier Bancorp, Inc. (GBCI)

According to the 24-hour chart, there is a support level at 46.83, which, if violated, would cause prices to drop to 45.93. In the upper region, resistance lies at 48.23. The next price resistance is at 48.73. RSI (Relative Strength Index) is 57.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 34.08%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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