Eastern Bankshares Inc.’s filing revealed that its President Miller Quincy Lee unloaded Company’s shares for reported $0.21 million on Sep 04 ’24. In the deal valued at $16.66 per share,12,676 shares were sold. As a result of this transaction, Miller Quincy Lee now holds 0 shares worth roughly $0.0.
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Then, Miller Quincy Lee bought 12,676 shares, generating $211,167 in total proceeds.
Before that, Palandjian Leon Aghababai bought 5,000 shares. Eastern Bankshares Inc. shares valued at $78,200 were divested by the Director at a price of $15.64 per share. As a result of the transaction, Palandjian Leon Aghababai now holds 91,506 shares, worth roughly $1.54 million.
A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. JP Morgan also remained covering EBC and has decreased its forecast on January 31, 2023 with a “an Underweight” recommendation from previously “Neutral” rating. Janney revised its rating on January 30, 2023. It rated EBC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EBC
On Tuesday, Eastern Bankshares Inc. [NASDAQ:EBC] saw its stock jump 0.66% to $16.81. Over the last five days, the stock has gained 1.27%. Eastern Bankshares Inc. shares have risen nearly 18.38% since the year began. Nevertheless, the stocks have risen 49.82% over the past one year. While a 52-week high of $17.49 was reached on 10/17/24, a 52-week low of $10.65 was recorded on 04/16/24. SMA at 50 days reached $16.44, while 200 days put it at $14.49.
Levels Of Support And Resistance For EBC Stock
The 24-hour chart illustrates a support level at 16.66, which if violated will result in even more drops to 16.51. On the upside, there is a resistance level at 16.94. A further resistance level may holdings at 17.07. The Relative Strength Index (RSI) on the 14-day chart is 53.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.24%. Stochastics %K at 40.04% indicates the stock is a holding.
How much short interest is there in Eastern Bankshares Inc.?
A steep rise in short interest was recorded in Eastern Bankshares Inc. stocks on 2024-10-15, dropping by -0.13 million shares to a total of 3.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.76 million shares. There was a decline of -3.46%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 16, 2021 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $25 price target.
