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. Enterprise Financial Services Corp shares valued at $5,243,000 were purchased by Richard Sanborn on Nov 05 ’24. At $52.43 per share, Richard Sanborn acquired 100,000 shares.
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Also, SANBORN RICHARD sold 94,815 shares, netting a total of over 5,094,410 in proceeds. Following the sale of shares at $53.73 each, the insider now holds 139,460 shares.
Before that, SANBORN RICHARD had sold 2,100 shares from its account. In a trade valued at $94,500, the Director traded Enterprise Financial Services Corp shares for $45.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,100 shares, worth approximately $14.24 million.
As published in a research note from Raymond James on July 26, 2023, Enterprise Financial Services Corp [EFSC] has been rated down from an Outperform to a Mkt perform. Analysts at Raymond James started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid September. As of November 06, 2018, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for EFSC. Earlier on October 29, 2018, FIG Partners upgraded its rating. Their new recommendation was “an Outperform” for EFSC stock which previously was a “a Market perform”.
Analyzing EFSC Stock Performance
During the last five days, there has been a surge of approximately 13.72%. Over the course of the year, Enterprise Financial Services Corp shares have jumped approximately 37.00%. Shares of the company reached a 52-week high of $61.68 on 11/06/24 and a 52-week low of $37.28 on 05/29/24. A 50-day SMA is recorded $51.73, while a 200-day SMA reached $44.21. Nevertheless, trading volume fell to 0.86 million shares from 0.16 million shares the previous day.
Support And Resistance Levels for Enterprise Financial Services Corp (EFSC)
According to the 24-hour chart, there is a support level at 56.44, which, if violated, would cause prices to drop to 51.71. In the upper region, resistance lies at 63.79. The next price resistance is at 66.41. RSI (Relative Strength Index) is 76.26 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.25, which suggests the price will increase in the coming days. Percent R is at 4.91%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
