UMB Financial Corp’s filing revealed that its President, Private Wealth Mgmt Newton Nikki Farentino unloaded Company’s shares for reported $0.15 million on Nov 07 ’24. In the deal valued at $124.56 per share,1,200 shares were sold. As a result of this transaction, Newton Nikki Farentino now holds 8,224 shares worth roughly $1.03 million.
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Then, Terry Thomas S bought 3,959 shares, generating $491,693 in total proceeds.
Before that, Newton Nikki Farentino bought 1,200 shares. UMB Financial Corp shares valued at $149,472 were divested by the Officer at a price of $124.56 per share.
Citigroup initiated its UMB Financial Corp [UMBF] rating to a Buy in a research note published on October 10, 2024; the price target was $127. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in late May from “a Mkt perform” to “an Outperform”. Barclays also remained covering UMBF and has increased its forecast on April 30, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Barclays started covering the stock on March 08, 2024. It rated UMBF as “an Equal weight”.
Price Performance Review of UMBF
On Tuesday, UMB Financial Corp [NASDAQ:UMBF] saw its stock fall -0.55% to $125.81. Over the last five days, the stock has gained 13.30%. UMB Financial Corp shares have risen nearly 50.58% since the year began. Nevertheless, the stocks have risen 89.10% over the past one year. While a 52-week high of $128.73 was reached on 11/11/24, a 52-week low of $65.63 was recorded on 04/29/24. SMA at 50 days reached $107.52, while 200 days put it at $91.13.
Levels Of Support And Resistance For UMBF Stock
The 24-hour chart illustrates a support level at 124.28, which if violated will result in even more drops to 122.74. On the upside, there is a resistance level at 127.84. A further resistance level may holdings at 129.86. The Relative Strength Index (RSI) on the 14-day chart is 71.29, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.70%. Stochastics %K at 87.31% indicates the stock is a selling.
How much short interest is there in UMB Financial Corp?
A steep rise in short interest was recorded in UMB Financial Corp stocks on 2024-10-31, dropping by 77246.0 shares to a total of 3.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.26 million shares. There was a decline of -2.43%, which implies that there is a negative sentiment for the stock.
