Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Busey Corp shares valued at $851 were purchased by Phillips Scott A. on Oct 28 ’24. At $24.50 per share, Phillips Scott A. acquired 35 shares. The insider’s holdings grew to 3,579 shares worth approximately $94485.59999999999 following the completion of this transaction.
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Also, Phillips Scott A. purchased 7 shares, netting a total of over 166 in proceeds. Following the buying of shares at $24.50 each, the insider now holds 6,370 shares.
Before that, Phillips Scott A. had added 321 shares to its account. In a trade valued at $6,498, the Principal Accounting Officer bought First Busey Corp shares for $20.22 each. Upon closing the transaction, the insider’s holdings increased to 321 shares, worth approximately $93588.0.
As published in a research note from Stephens on October 14, 2024, First Busey Corp [BUSE] has been rated down from an Overweight to an Equal-weight. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late January. As of April 09, 2020, Stephens has increased its “an Equal-weight” rating to a “an Overweight” for BUSE. Earlier on February 03, 2020, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” for BUSE stock which previously was a “a Buy”.
Analyzing BUSE Stock Performance
During the last five days, there has been a surge of approximately 8.60%. Over the course of the year, First Busey Corp shares have jumped approximately 6.37%. Shares of the company reached a 52-week high of $28.97 on 07/25/24 and a 52-week low of $21.68 on 04/18/24. A 50-day SMA is recorded $25.63, while a 200-day SMA reached $24.30. Nevertheless, trading volume fell to 0.57 million shares from 0.98 million shares the previous day.
Support And Resistance Levels for First Busey Corp (BUSE)
According to the 24-hour chart, there is a support level at 26.02, which, if violated, would cause prices to drop to 25.64. In the upper region, resistance lies at 26.99. The next price resistance is at 27.57. RSI (Relative Strength Index) is 57.61 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 27.69%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
