In a filing, International Bancshares Corp revealed its Director DENNIS NIXON acquired Company’s shares for reported $7.17 million on Nov 12 ’24. In the deal valued at $71.72 per share,100,000 shares were bought.
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Then, NIXON DENNIS E sold 65,185 shares, generating $4,658,772 in total proceeds. Upon selling the shares at $71.47, the CEO now owns 900,000 shares.
Before that, NIXON DENNIS E sold 34,815 shares. International Bancshares Corp shares valued at $2,512,947 were divested by the CEO at a price of $72.18 per share. As a result of the transaction, NIXON DENNIS E now holds 965,185 shares, worth roughly $72.5 million.
Standpoint Research downgraded its International Bancshares Corp [IBOC] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Standpoint Research’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Sterne Agee began covering IBOC with “Neutral” recommendation on June 19, 2009.
Price Performance Review of IBOC
On Monday, International Bancshares Corp [NASDAQ:IBOC] saw its stock jump 2.33% to $75.11. Over the last five days, the stock has gained 6.06%. International Bancshares Corp shares have risen nearly 38.27% since the year began. Nevertheless, the stocks have risen 64.79% over the past one year. While a 52-week high of $73.82 was reached on 11/25/24, a 52-week low of $44.24 was recorded on 02/23/24. SMA at 50 days reached $64.17, while 200 days put it at $59.17.
Levels Of Support And Resistance For IBOC Stock
The 24-hour chart illustrates a support level at 73.77, which if violated will result in even more drops to 72.43. On the upside, there is a resistance level at 76.68. A further resistance level may holdings at 78.25. The Relative Strength Index (RSI) on the 14-day chart is 69.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.22%. Stochastics %K at 86.20% indicates the stock is a selling.
How much short interest is there in International Bancshares Corp?
A steep rise in short interest was recorded in International Bancshares Corp stocks on 2024-10-31, dropping by 99536.0 shares to a total of 0.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.79 million shares. There was a decline of -14.36%, which implies that there is a negative sentiment for the stock.
