In a filing, Atlantic Union Bankshares Corp revealed its Director Ellett Frank Russell acquired Company’s shares for reported $0.16 million on Jun 06 ’24. In the deal valued at $31.71 per share,5,000 shares were bought. As a result of this transaction, Ellett Frank Russell now holds 47,334 shares worth roughly $2.01 million.
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Then, Ellett Frank Russell bought 5,000 shares, generating $157,700 in total proceeds. Upon buying the shares at $31.54, the Director now owns 52,334 shares.
Before that, Ellett Frank Russell bought 4,467 shares. Atlantic Union Bankshares Corp shares valued at $137,807 were divested by the Director at a price of $30.85 per share. As a result of the transaction, Ellett Frank Russell now holds 56,801 shares, worth roughly $2.41 million.
Hovde Group reiterated its Atlantic Union Bankshares Corp [AUB] rating to an Outperform in a research note published on September 13, 2024; the price target was $45. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in late July has reiterated a ‘”an Outperform”‘ rating for it. Stephens began covering AUB with “an Overweight” recommendation on September 13, 2023. Keefe Bruyette revised its rating on April 06, 2023. It rated AUB as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of AUB
On Friday, Atlantic Union Bankshares Corp [NYSE:AUB] saw its stock fall -0.40% to $42.48. Over the last five days, the stock has gained 1.97%. Atlantic Union Bankshares Corp shares have risen nearly 16.26% since the year began. Nevertheless, the stocks have risen 31.88% over the past one year. While a 52-week high of $43.57 was reached on 11/13/24, a 52-week low of $30.22 was recorded on 06/11/24. SMA at 50 days reached $38.35, while 200 days put it at $35.47.
Levels Of Support And Resistance For AUB Stock
The 24-hour chart illustrates a support level at 41.96, which if violated will result in even more drops to 41.43. On the upside, there is a resistance level at 43.06. A further resistance level may holdings at 43.63. The Relative Strength Index (RSI) on the 14-day chart is 64.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.80%. Stochastics %K at 85.41% indicates the stock is a selling.
How much short interest is there in Atlantic Union Bankshares Corp?
A steep rise in short interest was recorded in Atlantic Union Bankshares Corp stocks on 2024-10-31, growing by 0.17 million shares to a total of 3.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.07 million shares. There was a rise of 5.26%, which implies that there is a positive sentiment for the stock.
