In a filing, United Bankshares, Inc revealed its Director CONVERSE PETER A unloaded Company’s shares for reported $0.2 million on Nov 06 ’24. In the deal valued at $40.00 per share,5,000 shares were sold. As a result of this transaction, CONVERSE PETER A now holds 434,769 shares worth roughly $18.5 million.
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Then, CONVERSE PETER A bought 5,000 shares, generating $200,000 in total proceeds.
Before that, CONVERSE PETER A bought 740 shares. United Bankshares, Inc shares valued at $24,575 were divested by the Director at a price of $33.21 per share. As a result of the transaction, CONVERSE PETER A now holds 438,023 shares, worth roughly $18.64 million.
Stephens initiated its United Bankshares, Inc [UBSI] rating to an Equal-weight in a research note published on April 04, 2023; the price target was $32. Janney started covering the stock on September 06, 2022. It rated UBSI as “a Buy”.
Price Performance Review of UBSI
On Tuesday, United Bankshares, Inc [NASDAQ:UBSI] saw its stock fall -1.16% to $42.55. Over the last five days, the stock has gained 12.72%. United Bankshares, Inc shares have risen nearly 13.32% since the year began. Nevertheless, the stocks have risen 43.85% over the past one year. While a 52-week high of $43.77 was reached on 11/11/24, a 52-week low of $29.37 was recorded on 06/11/24. SMA at 50 days reached $37.62, while 200 days put it at $35.25.
Levels Of Support And Resistance For UBSI Stock
The 24-hour chart illustrates a support level at 42.10, which if violated will result in even more drops to 41.65. On the upside, there is a resistance level at 43.26. A further resistance level may holdings at 43.97. The Relative Strength Index (RSI) on the 14-day chart is 67.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.29%. Stochastics %K at 84.96% indicates the stock is a selling.
How much short interest is there in United Bankshares, Inc?
A steep rise in short interest was recorded in United Bankshares, Inc stocks on 2024-10-31, growing by 0.12 million shares to a total of 2.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.19 million shares. There was a rise of 5.01%, which implies that there is a positive sentiment for the stock.
