United Community Banks Inc’s filing revealed that its EVP, CFO HARRALSON JEFFERSON L unloaded Company’s shares for reported $0.29 million on Oct 28 ’24. In the deal valued at $27.76 per share,10,275 shares were sold. As a result of this transaction, HARRALSON JEFFERSON L now holds 43,991 shares worth roughly $1.24 million.
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Then, HARRALSON JEFFERSON L bought 10,275 shares, generating $290,268 in total proceeds.
Piper Sandler downgraded its United Community Banks Inc [UCB] rating to a Neutral from a an Overweight in a research note published on October 19, 2023; the price target was decreased to $27 from $31. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Mkt perform”. Stephens began covering UCB with “an Overweight” recommendation on April 04, 2023. Janney revised its rating on January 19, 2023. It rated UCB as “a Neutral” which previously was an “a Buy”.
Price Performance Review of UCB
On Friday, United Community Banks Inc [NYSE:UCB] saw its stock fall -0.84% to $28.22. Over the last five days, the stock has gained 2.06%. United Community Banks Inc shares have fallen nearly -3.55% since the year began. Nevertheless, the stocks have risen 27.98% over the past one year. While a 52-week high of $31.96 was reached on 07/26/24, a 52-week low of $21.63 was recorded on 06/17/24. SMA at 50 days reached $28.91, while 200 days put it at $27.15.
Levels Of Support And Resistance For UCB Stock
The 24-hour chart illustrates a support level at 27.94, which if violated will result in even more drops to 27.66. On the upside, there is a resistance level at 28.67. A further resistance level may holdings at 29.12. The Relative Strength Index (RSI) on the 14-day chart is 46.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.94%. Stochastics %K at 65.57% indicates the stock is a holding.
How much short interest is there in United Community Banks Inc?
A steep rise in short interest was recorded in United Community Banks Inc stocks on 2024-10-15, dropping by -0.21 million shares to a total of 1.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.89 million shares. There was a decline of -12.79%, which implies that there is a negative sentiment for the stock.
