The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Atlantic Union Bankshares Corp shares valued at $158,550 were purchased by Ellett Frank Russell on Jun 06 ’24. At $31.71 per share, Ellett Frank Russell acquired 5,000 shares. The insider’s holdings grew to 47,334 shares worth approximately $1.76 million following the completion of this transaction.
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Also, Ellett Frank Russell purchased 5,000 shares, netting a total of over 157,700 in proceeds. Following the buying of shares at $31.54 each, the insider now holds 52,334 shares.
Before that, Ellett Frank Russell had added 4,467 shares to its account. In a trade valued at $137,807, the Director bought Atlantic Union Bankshares Corp shares for $30.85 each. Upon closing the transaction, the insider’s holdings increased to 4,467 shares, worth approximately $2.11 million.
As published in a research note from Hovde Group on September 13, 2024, Atlantic Union Bankshares Corp [AUB] has been retained to an Outperform and the price target has been revised to $45. Analysts at Hovde Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late July. As of September 13, 2023, Stephens has initiated its “an Overweight” rating for AUB. Earlier on April 06, 2023, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for AUB stock which previously was a “an Outperform”.
Analyzing AUB Stock Performance
During the last five days, there has been a drop of approximately -6.19%. Over the course of the year, Atlantic Union Bankshares Corp shares have jumped approximately 1.53%. Shares of the company reached a 52-week high of $42.50 on 07/26/24 and a 52-week low of $30.43 on 06/11/24. A 50-day SMA is recorded $37.77, while a 200-day SMA reached $35.07. Nevertheless, trading volume fell to 1.49 million shares from 4.06 million shares the previous day.
Support And Resistance Levels for Atlantic Union Bankshares Corp (AUB)
According to the 24-hour chart, there is a support level at 36.69, which, if violated, would cause prices to drop to 36.27. In the upper region, resistance lies at 37.41. The next price resistance is at 37.71. RSI (Relative Strength Index) is 47.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.78, which suggests the price will decrease in the coming days. Percent R is at 67.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
