Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Columbia Banking System, Inc shares valued at $49,619 were purchased by SEATON ELIZABETH WHITEHEAD on Feb 06 ’24. At $18.48 per share, SEATON ELIZABETH WHITEHEAD acquired 2,685 shares. The insider’s holdings grew to 25,001 shares worth approximately $0.78 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Lund Randal Lee purchased 1,000 shares, netting a total of over 19,288 in proceeds. Following the buying of shares at $19.29 each, the insider now holds 17,149 shares.
Before that, MACHUCA LUIS had added 4,889 shares to its account. In a trade valued at $100,638, the Director bought Columbia Banking System, Inc shares for $20.58 each. Upon closing the transaction, the insider’s holdings increased to 4,889 shares, worth approximately $1.89 million.
As published in a research note from Wedbush on September 24, 2024, Columbia Banking System, Inc [COLB] has been rated up from a Neutral to an Outperform and the price target has been revised to $31 from $28. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early March. As of January 25, 2024, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for COLB. Earlier on January 25, 2024, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for COLB stock which previously was a “a Strong buy”.
Analyzing COLB Stock Performance
During the last five days, there has been a surge of approximately 2.27%. Over the course of the year, Columbia Banking System, Inc shares have jumped approximately 16.64%. Shares of the company reached a 52-week high of $31.86 on 11/11/24 and a 52-week low of $17.08 on 04/16/24. A 50-day SMA is recorded $26.97, while a 200-day SMA reached $21.96. Nevertheless, trading volume fell to 1.07 million shares from 1.26 million shares the previous day.
Support And Resistance Levels for Columbia Banking System, Inc (COLB)
According to the 24-hour chart, there is a support level at 30.81, which, if violated, would cause prices to drop to 30.49. In the upper region, resistance lies at 31.51. The next price resistance is at 31.89. RSI (Relative Strength Index) is 65.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.37, which suggests the price will increase in the coming days. Percent R is at 17.17%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
