Cullen Frost Bankers Inc.’s filing revealed that its GEVP Chief Credit Officer Kasanoff Howard L. unloaded Company’s shares for reported $0.36 million on Jul 31 ’24. In the deal valued at $119.20 per share,3,000 shares were sold. As a result of this transaction, Kasanoff Howard L. now holds 1,598 shares worth roughly $0.21 million.
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Then, Kasanoff Howard L. bought 3,000 shares, generating $358,890 in total proceeds.
Before that, Wolfshohl Candace K sold 5,000 shares. Cullen Frost Bankers Inc. shares valued at $598,250 were divested by the GEVP Culture/PeopleDevelopment at a price of $119.65 per share. As a result of the transaction, Wolfshohl Candace K now holds 18,753 shares, worth roughly $2.43 million.
Morgan Stanley downgraded its Cullen Frost Bankers Inc. [CFR] rating to an Underweight from a an Equal-weight in a research note published on August 05, 2024; the price target was increased to $121 from $112. A number of analysts have revised their coverage, including Maxim Group’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Buy”‘ rating for it. Compass Point also remained covering CFR and has decreased its forecast on January 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. Evercore ISI revised its rating on January 03, 2024. It rated CFR as “an Underperform” which previously was an “an In-line”.
Price Performance Review of CFR
On Tuesday, Cullen Frost Bankers Inc. [NYSE:CFR] saw its stock fall -1.93% to $129.79. Over the last five days, the stock has gained 5.47%. Cullen Frost Bankers Inc. shares have risen nearly 19.63% since the year began. Nevertheless, the stocks have risen 44.74% over the past one year. While a 52-week high of $133.03 was reached on 10/28/24, a 52-week low of $88.86 was recorded on 06/14/24. SMA at 50 days reached $114.43, while 200 days put it at $108.36.
Levels Of Support And Resistance For CFR Stock
The 24-hour chart illustrates a support level at 128.76, which if violated will result in even more drops to 127.74. On the upside, there is a resistance level at 131.74. A further resistance level may holdings at 133.70. The Relative Strength Index (RSI) on the 14-day chart is 70.06, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.32%. Stochastics %K at 89.98% indicates the stock is a selling.
How much short interest is there in Cullen Frost Bankers Inc.?
A steep rise in short interest was recorded in Cullen Frost Bankers Inc. stocks on 2024-10-15, growing by 29777.0 shares to a total of 3.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.43 million shares. There was a rise of 0.86%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 01, 2023 when Citigroup began covering the stock and recommended ‘”a Sell”‘ rating along with a $94 price target.
