The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. NBT Bancorp. Inc shares valued at $909,070 were sold by WATT JOHN H JR on Oct 30 ’24. At $45.45 per share, WATT JOHN H JR sold 20,000 shares. The insider’s holdings dropped to 143,101 shares worth approximately $7.27 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, WATT JOHN H JR purchased 20,000 shares, netting a total of over 919,000 in proceeds.
Before that, Wiles Amy had sold 556 shares from its account. In a trade valued at $25,020, the EVP, Chief Risk and Credit traded NBT Bancorp. Inc shares for $45.00 each. Upon closing the transaction, the insider’s holdings decreased to 556 shares, worth approximately $1.47 million.
As published in a research note from Stephens on July 25, 2024, NBT Bancorp. Inc [NBTB] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $49 from $42. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late July. As of March 21, 2024, Janney has increased its “Neutral” rating to a “Buy” for NBTB. Earlier on June 06, 2023, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for NBTB stock which previously was a “a Strong buy”.
Analyzing NBTB Stock Performance
During the last five days, there has been a surge of approximately 11.70%. Over the course of the year, NBT Bancorp. Inc shares have jumped approximately 21.19%. Shares of the company reached a 52-week high of $51.22 on 11/06/24 and a 52-week low of $32.79 on 03/20/24. A 50-day SMA is recorded $45.10, while a 200-day SMA reached $39.88. Nevertheless, trading volume fell to 0.66 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for NBT Bancorp. Inc (NBTB)
According to the 24-hour chart, there is a support level at 48.45, which, if violated, would cause prices to drop to 46.11. In the upper region, resistance lies at 52.17. The next price resistance is at 53.56. RSI (Relative Strength Index) is 72.31 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.45, which suggests the price will increase in the coming days. Percent R is at 5.45%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
