Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. S & T Bancorp, Inc shares valued at $341,550 were sold by HIEB WILLIAM J on Jun 06 ’24. At $31.05 per share, HIEB WILLIAM J sold 11,000 shares. The insider’s holdings dropped to 31,770 shares worth approximately $1.39 million following the completion of this transaction.
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Also, Palermo Frank J Jr purchased 35 shares, netting a total of over 1,093 in proceeds. Following the buying of shares at $31.22 each, the insider now holds 3,263 shares.
As published in their initiating research note from Janney on September 29, 2022, S & T Bancorp, Inc [STBA] has been a Neutral and the price target has been revised to $32. As of January 11, 2021, DA Davidson has decreased its “Buy” rating to a “Neutral” for STBA. Earlier on September 24, 2020, Boenning & Scattergood initiated its rating. Their recommendation was “an Outperform” for STBA stock.
Analyzing STBA Stock Performance
During the last five days, there has been a surge of approximately 13.78%. Over the course of the year, S & T Bancorp, Inc shares have jumped approximately 31.18%. Shares of the company reached a 52-week high of $45.79 on 07/29/24 and a 52-week low of $28.83 on 04/18/24. A 50-day SMA is recorded $40.75, while a 200-day SMA reached $35.46. Nevertheless, trading volume fell to 0.55 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for S & T Bancorp, Inc (STBA)
According to the 24-hour chart, there is a support level at 42.29, which, if violated, would cause prices to drop to 40.74. In the upper region, resistance lies at 44.76. The next price resistance is at 45.68. RSI (Relative Strength Index) is 68.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.14, which suggests the price will increase in the coming days. Percent R is at 4.08%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
