Cullen Frost Bankers Inc’s recently made public that its Chairman and CEO GREEN PHILLIP D unloaded Company’s shares for reported $2.77 million on Nov 20 ’24. In the deal valued at $137.29 per share,20,147 shares were sold. As a result of this transaction, GREEN PHILLIP D now holds 94,423 shares worth roughly $13.59 million.
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Then, GREEN PHILLIP D sold 14,358 shares, generating $1,980,830 in total proceeds. Upon selling the shares at $137.96, the Chairman and CEO now owns 94,423 shares.
Before that, GREEN PHILLIP D bought 34,505 shares. Cullen Frost Bankers Inc shares valued at $4,764,094 were divested by the Officer at a price of $138.07 per share.
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 Monday, Cullen Frost Bankers Inc [NYSE:CFR] saw its stock jump 1.12% to $143.92. Over the last five days, the stock has gained 3.93%. Cullen Frost Bankers Inc shares have risen nearly 32.66% since the year began. Nevertheless, the stocks have risen 45.37% over the past one year. While a 52-week high of $144.89 was reached on 11/25/24, a 52-week low of $94.09 was recorded on 06/14/24. SMA at 50 days reached $124.72, while 200 days put it at $111.36.
Levels Of Support And Resistance For CFR Stock
The 24-hour chart illustrates a support level at 142.47, which if violated will result in even more drops to 141.03. On the upside, there is a resistance level at 146.50. A further resistance level may holdings at 149.09. The Relative Strength Index (RSI) on the 14-day chart is 68.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.77, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.46%. Stochastics %K at 76.73% indicates the stock is a holding.
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 2024-10-31, dropping by -0.57 million shares to a total of 3.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.74 million shares. There was a decline of -17.82%, which implies that there is a negative sentiment for the stock.
