Associated Banc-Corp’s filing revealed that its EVP Warsek Gregory unloaded Company’s shares for reported $1.09 million on Nov 07 ’24. In the deal valued at $27.46 per share,39,680 shares were sold. As a result of this transaction, Warsek Gregory now holds 9,822 shares worth roughly $0.27 million.
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Then, Ahern Patrick Edward bought 30,777 shares, generating $826,127 in total proceeds.
Before that, Stein David L sold 29,536 shares. Associated Banc-Corp shares valued at $810,113 were divested by the Executive Vice President at a price of $27.43 per share. As a result of the transaction, Stein David L now holds 81,021 shares, worth roughly $2.24 million.
Robert W. Baird downgraded its Associated Banc-Corp [ASB] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. Wells Fargo also remained covering ASB and has decreased its forecast on October 04, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Robert W. Baird revised its rating on September 05, 2023. It rated ASB as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of ASB
On Monday, Associated Banc-Corp [NYSE:ASB] saw its stock jump 3.21% to $27.64. Over the last five days, the stock has gained 18.22%. Associated Banc-Corp shares have risen nearly 29.22% since the year began. Nevertheless, the stocks have risen 64.04% over the past one year. While a 52-week high of $28.17 was reached on 11/11/24, a 52-week low of $16.59 was recorded on 02/13/24. SMA at 50 days reached $22.41, while 200 days put it at $21.49.
Levels Of Support And Resistance For ASB Stock
The 24-hour chart illustrates a support level at 27.14, which if violated will result in even more drops to 26.64. On the upside, there is a resistance level at 28.16. A further resistance level may holdings at 28.68. The Relative Strength Index (RSI) on the 14-day chart is 72.94, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.90%. Stochastics %K at 82.64% indicates the stock is a selling.
How much short interest is there in Associated Banc-Corp?
A steep rise in short interest was recorded in Associated Banc-Corp stocks on 2024-10-15, dropping by -2.16 million shares to a total of 4.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.83 million shares. There was a decline of -46.35%, which implies that there is a negative sentiment for the stock.
