In a filing, Associated Banc-Corp revealed its Executive Vice President Ahern Patrick Edward unloaded Company’s shares for reported $0.83 million on Nov 08 ’24. In the deal valued at $26.85 per share,30,777 shares were sold. As a result of this transaction, Ahern Patrick Edward now holds 37,087 shares worth roughly $1.01 million.
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Then, Braeger Matthew R sold 25,923 shares, generating $690,666 in total proceeds. Upon selling the shares at $26.64, the Executive Vice President now owns 12,939 shares.
Before that, Warsek Gregory sold 39,680 shares. Associated Banc-Corp shares valued at $1,089,811 were divested by the EVP at a price of $27.46 per share. As a result of the transaction, Warsek Gregory now holds 9,822 shares, worth roughly $0.27 million.
Robert W. Baird downgraded its Associated Banc-Corp [ASB] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. Wells Fargo also remained covering ASB and has decreased its forecast on October 04, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Robert W. Baird revised its rating on September 05, 2023. It rated ASB as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of ASB
On Friday, Associated Banc-Corp [NYSE:ASB] saw its stock jump 2.25% to $27.31. Over the last five days, the stock has gained 2.67%. Associated Banc-Corp shares have risen nearly 27.68% since the year began. Nevertheless, the stocks have risen 54.47% over the past one year. While a 52-week high of $28.18 was reached on 11/11/24, a 52-week low of $17.30 was recorded on 02/13/24. SMA at 50 days reached $23.39, while 200 days put it at $21.76.
Levels Of Support And Resistance For ASB Stock
The 24-hour chart illustrates a support level at 26.85, which if violated will result in even more drops to 26.40. On the upside, there is a resistance level at 27.56. A further resistance level may holdings at 27.82. The Relative Strength Index (RSI) on the 14-day chart is 66.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.16%. Stochastics %K at 73.96% indicates the stock is a holding.
How much short interest is there in Associated Banc-Corp?
A steep rise in short interest was recorded in Associated Banc-Corp stocks on 2024-10-31, dropping by -2.01 million shares to a total of 3.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.46 million shares. There was a decline of -58.15%, which implies that there is a negative sentiment for the stock.