Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Stock Yards Bancorp Inc shares valued at $273,348 were sold by HEINTZMAN DAVID P on Nov 25 ’24. At $78.10 per share, HEINTZMAN DAVID P sold 3,500 shares. The insider’s holdings dropped to 21,411 shares worth approximately $1.65 million following the completion of this transaction.
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Also, HEINTZMAN DAVID P purchased 3,500 shares, netting a total of over 373,348 in proceeds.
Before that, Poindexter Philip had sold 3,419 shares from its account. In a trade valued at $258,305, the President traded Stock Yards Bancorp Inc shares for $75.55 each. Upon closing the transaction, the insider’s holdings decreased to 3,419 shares, worth approximately $3.95 million.
As published in a research note from Stephens on November 15, 2024, Stock Yards Bancorp Inc [SYBT] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $76 from $70. Analysts at Hovde Group downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late October. Earlier on July 24, 2024, Hovde Group resumed its rating. Their recommendation was “an Outperform” for SYBT stock.
Analyzing SYBT Stock Performance
During the last five days, there has been a surge of approximately 4.90%. Over the course of the year, Stock Yards Bancorp Inc shares have jumped approximately 49.29%. Shares of the company reached a 52-week high of $79.79 on 11/27/24 and a 52-week low of $42.35 on 04/17/24. A 50-day SMA is recorded $67.02, while a 200-day SMA reached $54.50. Nevertheless, trading volume fell to 82862.0 shares from 0.14 million shares the previous day.
Support And Resistance Levels for Stock Yards Bancorp Inc (SYBT)
According to the 24-hour chart, there is a support level at 75.90, which, if violated, would cause prices to drop to 74.92. In the upper region, resistance lies at 78.82. The next price resistance is at 80.76. RSI (Relative Strength Index) is 66.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.29, which suggests the price will increase in the coming days. Percent R is at 37.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
