Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. UMB Financial Corp shares valued at $491,693 were purchased by Terry Thomas S on Nov 07 ’24. At $124.20 per share, Terry Thomas S acquired 3,959 shares.
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Also, Newton Nikki Farentino purchased 1,200 shares, netting a total of over 149,472 in proceeds.
Before that, Odgers David Carl had sold 100 shares from its account. In a trade valued at $12,290, the Chief Accounting Officer traded UMB Financial Corp shares for $122.90 each. Upon closing the transaction, the insider’s holdings decreased to 100 shares, worth approximately $0.53 million.
As published in their initiating research note from Citigroup on October 10, 2024, UMB Financial Corp [UMBF] has been a Buy and the price target has been revised to $127. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late May. As of April 30, 2024, Barclays has increased its “an Equal weight” rating to a “an Overweight” for UMBF. Earlier on March 08, 2024, Barclays initiated its rating. Their recommendation was “an Equal weight” for UMBF stock.
Analyzing UMBF Stock Performance
During the last five days, there has been a surge of approximately 10.89%. Over the course of the year, UMB Financial Corp shares have jumped approximately 45.64%. Shares of the company reached a 52-week high of $125.98 on 11/06/24 and a 52-week low of $76.00 on 04/29/24. A 50-day SMA is recorded $106.24, while a 200-day SMA reached $90.50. Nevertheless, trading volume fell to 0.5 million shares from 1.06 million shares the previous day.
Support And Resistance Levels for UMB Financial Corp (UMBF)
According to the 24-hour chart, there is a support level at 120.43, which, if violated, would cause prices to drop to 119.17. In the upper region, resistance lies at 123.97. The next price resistance is at 126.25. RSI (Relative Strength Index) is 68.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.53, which suggests the price will increase in the coming days. Percent R is at 19.37%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
