Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Old National Bancorp shares valued at $183,628 were purchased by Brendon B. Falconer on Oct 15 ’24. At $19.13 per share, Brendon B. Falconer acquired 9,599 shares.
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Also, Brendon B. Falconer purchased 32,452 shares, netting a total of over 583,162 in proceeds.
Before that, RYAN C KITCHELL had added 20,000 shares to its account. In a trade valued at $375,000, the DIRECTOR bought Old National Bancorp shares for $18.75 each.
As published in a research note from Raymond James on November 26, 2024, Old National Bancorp [ONB] has been rated up from a Mkt perform to a Strong buy and the price target has been revised to $28. As of March 08, 2024, Barclays has initiated its “an Overweight” rating for ONB. Earlier on December 01, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for ONB stock.
Analyzing ONB Stock Performance
During the last five days, there has been a surge of approximately 10.56%. Over the course of the year, Old National Bancorp shares have jumped approximately 37.00%. Shares of the company reached a 52-week high of $23.76 on 11/25/24 and a 52-week low of $15.36 on 02/13/24. A 50-day SMA is recorded $19.80, while a 200-day SMA reached $17.99. Nevertheless, trading volume fell to 3.66 million shares from 12.77 million shares the previous day.
Support And Resistance Levels for Old National Bancorp (ONB)
According to the 24-hour chart, there is a support level at 23.00, which, if violated, would cause prices to drop to 22.85. In the upper region, resistance lies at 23.34. The next price resistance is at 23.53. RSI (Relative Strength Index) is 71.61 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.14, which suggests the price will increase in the coming days. Percent R is at 20.03%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
