Commerce Bancshares, Inc.’s recently made public that its Executive Chairman KEMPER DAVID W unloaded Company’s shares for reported $1.85 million on Oct 22 ’24. In the deal valued at $61.78 per share,30,000 shares were sold. As a result of this transaction, KEMPER DAVID W now holds 1,151,994 shares worth roughly $70.5 million.
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Then, KEMPER DAVID W bought 30,000 shares, generating $1,852,867 in total proceeds.
Before that, Kellerhals Patricia R sold 2,000 shares. Commerce Bancshares, Inc. shares valued at $124,456 were divested by the Senior Vice President at a price of $62.23 per share. As a result of the transaction, Kellerhals Patricia R now holds 23,381 shares, worth roughly $1.43 million.
Morgan Stanley downgraded its Commerce Bancshares, Inc. [CBSH] rating to an Equal-weight from a an Overweight in a research note published on September 30, 2024; the price target was decreased to $64 from $66. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid April from “a Mkt perform” to “an Outperform”. BofA Securities began covering CBSH with “Neutral” recommendation on January 11, 2024. Morgan Stanley revised its rating on September 27, 2023. It rated CBSH as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of CBSH
On Friday, Commerce Bancshares, Inc. [NASDAQ:CBSH] saw its stock fall -0.54% to $61.20. Over the last five days, the stock has lost -0.13%. Commerce Bancshares, Inc. shares have risen nearly 14.59% since the year began. Nevertheless, the stocks have risen 45.78% over the past one year. While a 52-week high of $65.86 was reached on 07/31/24, a 52-week low of $40.91 was recorded on 02/13/24. SMA at 50 days reached $61.14, while 200 days put it at $56.52.
Levels Of Support And Resistance For CBSH Stock
The 24-hour chart illustrates a support level at 60.90, which if violated will result in even more drops to 60.59. On the upside, there is a resistance level at 61.69. A further resistance level may holdings at 62.18. The Relative Strength Index (RSI) on the 14-day chart is 54.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 40.30%. Stochastics %K at 64.83% indicates the stock is a holding.
How much short interest is there in Commerce Bancshares, Inc.?
A steep rise in short interest was recorded in Commerce Bancshares, Inc. stocks on 2024-10-15, growing by 39643.0 shares to a total of 1.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.61 million shares. There was a rise of 2.41%, which implies that there is a positive sentiment for the stock.
