Cullen Frost Bankers Inc’s filing revealed that its GEVP Chief Credit Officer Kasanoff Howard L. unloaded Company’s shares for reported $0.55 million on Nov 08 ’24. In the deal valued at $138.34 per share,4,000 shares were sold. As a result of this transaction, Kasanoff Howard L. now holds 2,888 shares worth roughly $0.41 million.
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Then, Kasanoff Howard L. bought 4,000 shares, generating $574,640 in total proceeds.
Before that, Berman Bobby sold 3,506 shares. Cullen Frost Bankers Inc shares valued at $442,843 were divested by the GEVP Research & Strategy at a price of $126.31 per share. As a result of the transaction, Berman Bobby now holds 26,661 shares, worth roughly $3.76 million.
Maxim Group reiterated its Cullen Frost Bankers Inc [CFR] rating to a Buy in a research note published on November 01, 2024; the price target was $149. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early August from “an Equal-weight” to “an Underweight”. Maxim Group also remained covering CFR and reiterated its “Buy” recommendation on July 26, 2024. Compass Point revised its rating on January 08, 2024. It rated CFR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CFR
On Tuesday, Cullen Frost Bankers Inc [NYSE:CFR] saw its stock fall -1.43% to $140.98. Over the last five days, the stock has gained 10.50%. Cullen Frost Bankers Inc shares have risen nearly 29.95% since the year began. Nevertheless, the stocks have risen 51.61% over the past one year. While a 52-week high of $144.89 was reached on 11/11/24, a 52-week low of $91.61 was recorded on 06/14/24. SMA at 50 days reached $119.07, while 200 days put it at $109.74.
Levels Of Support And Resistance For CFR Stock
The 24-hour chart illustrates a support level at 139.49, which if violated will result in even more drops to 138.01. On the upside, there is a resistance level at 143.01. A further resistance level may holdings at 145.05. The Relative Strength Index (RSI) on the 14-day chart is 67.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.03%. Stochastics %K at 84.18% indicates the stock is a selling.
How much short interest is there in Cullen Frost Bankers Inc?
A steep rise in short interest was recorded in Cullen Frost Bankers Inc stocks on 2024-10-15, growing by 29777.0 shares to a total of 3.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.43 million shares. There was a rise of 0.86%, which implies that there is a positive sentiment for the stock.
