Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. United Community Banks Inc shares valued at $285,193 were sold by HARRALSON JEFFERSON L on Oct 28 ’24. At $27.76 per share, HARRALSON JEFFERSON L sold 10,275 shares. The insider’s holdings dropped to 43,991 shares worth approximately $1.28 million following the completion of this transaction.
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Also, HARRALSON JEFFERSON L purchased 10,275 shares, netting a total of over 290,268 in proceeds.
As published in a research note from Piper Sandler on October 19, 2023, United Community Banks Inc [UCB] has been rated down from an Overweight to a Neutral and the price target has been revised to $27 from $31. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid July. As of April 04, 2023, Stephens has initiated its “an Overweight” rating for UCB. Earlier on January 19, 2023, Janney downgraded its rating. Their new recommendation was “a Neutral” for UCB stock which previously was a “a Buy”.
Analyzing UCB Stock Performance
During the last five days, there has been a surge of approximately 3.23%. Over the course of the year, United Community Banks Inc shares have dropped approximately -0.51%. Shares of the company reached a 52-week high of $31.96 on 07/26/24 and a 52-week low of $24.04 on 06/17/24. A 50-day SMA is recorded $28.94, while a 200-day SMA reached $27.15. Nevertheless, trading volume fell to 0.49 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for United Community Banks Inc (UCB)
According to the 24-hour chart, there is a support level at 28.52, which, if violated, would cause prices to drop to 27.94. In the upper region, resistance lies at 29.55. The next price resistance is at 30.00. RSI (Relative Strength Index) is 54.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 21.46%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
