The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. NBT Bancorp. Inc shares valued at $500,567 were sold by WEBB JACK H on Nov 22 ’24. At $50.06 per share, WEBB JACK H sold 10,000 shares. The insider’s holdings dropped to 45,018 shares worth approximately $2.25 million following the completion of this transaction.
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Also, JACK H WEBB purchased 10,000 shares, netting a total of over 500,567 in proceeds.
Before that, WATT JOHN H JR had sold 10,000 shares from its account. In a trade valued at $494,047, the Director traded NBT Bancorp. Inc shares for $49.40 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $6.28 million.
As published in a research note from Stephens on July 25, 2024, NBT Bancorp. Inc [NBTB] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $49 from $42. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late July. As of March 21, 2024, Janney has increased its “Neutral” rating to a “Buy” for NBTB. Earlier on June 06, 2023, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for NBTB stock which previously was a “a Strong buy”.
Analyzing NBTB Stock Performance
During the last five days, there has been a surge of approximately 2.75%. Over the course of the year, NBT Bancorp. Inc shares have jumped approximately 19.49%. Shares of the company reached a 52-week high of $52.31 on 11/25/24 and a 52-week low of $32.79 on 03/20/24. A 50-day SMA is recorded $46.13, while a 200-day SMA reached $40.96. Nevertheless, trading volume fell to 0.11 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for NBT Bancorp. Inc (NBTB)
According to the 24-hour chart, there is a support level at 49.75, which, if violated, would cause prices to drop to 49.43. In the upper region, resistance lies at 50.65. The next price resistance is at 51.23. RSI (Relative Strength Index) is 60.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.60, which suggests the price will decrease in the coming days. Percent R is at 53.81%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
