Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Associated Banc-Corp shares valued at $484,104 were sold by Utz John A. on Oct 29 ’24. At $23.62 per share, Utz John A. sold 20,499 shares. The insider’s holdings dropped to 100,204 shares worth approximately $2.38 million following the completion of this transaction.
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Also, Utz John A. sold 19,044 shares, netting a total of over 460,617 in proceeds. Following the sale of shares at $24.19 each, the insider now holds 100,204 shares.
Before that, Utz John A. had added 19,044 shares to its account. In a trade valued at $460,462, the Officer bought Associated Banc-Corp shares for $24.18 each.
As published in a research note from Robert W. Baird on July 17, 2024, Associated Banc-Corp [ASB] has been rated down from an Outperform to a Neutral and the price target has been revised to $27. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early March. As of October 04, 2023, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for ASB. Earlier on September 05, 2023, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for ASB stock which previously was a “a Neutral”.
Analyzing ASB Stock Performance
During the last five days, there has been a surge of approximately 4.67%. Over the course of the year, Associated Banc-Corp shares have jumped approximately 10.99%. Shares of the company reached a 52-week high of $24.31 on 10/30/24 and a 52-week low of $19.40 on 02/13/24. A 50-day SMA is recorded $21.94, while a 200-day SMA reached $21.34. Nevertheless, trading volume fell to 1.77 million shares from 1.66 million shares the previous day.
Support And Resistance Levels for Associated Banc-Corp (ASB)
According to the 24-hour chart, there is a support level at 23.57, which, if violated, would cause prices to drop to 23.41. In the upper region, resistance lies at 24.03. The next price resistance is at 24.33. RSI (Relative Strength Index) is 64.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.84, which suggests the price will decrease in the coming days. Percent R is at 21.92%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
