Eastern Bankshares Inc’s recent filing unveils that its Director Jackson Deborah C unloaded Company’s shares for reported $0.11 million on Dec 02 ’24. In the deal valued at $18.56 per share,5,713 shares were sold. As a result of this transaction, Jackson Deborah C now holds 67,284 shares worth roughly $1.22 million.
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Then, Borgen Luis sold 12,419 shares, generating $230,497 in total proceeds. Upon selling the shares at $18.56, the Director now owns 29,535 shares.
Before that, DEBORAH JACKSON bought 5,713 shares. Eastern Bankshares Inc shares valued at $106,490 were divested by the Director at a price of $18.64 per share.
A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. JP Morgan also remained covering EBC and has decreased its forecast on January 31, 2023 with a “an Underweight” recommendation from previously “Neutral” rating. Janney revised its rating on January 30, 2023. It rated EBC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EBC
On Tuesday, Eastern Bankshares Inc [NASDAQ:EBC] saw its stock fall -2.69% to $18.07. Over the last five days, the stock has lost -5.04%. Eastern Bankshares Inc shares have risen nearly 27.25% since the year began. Nevertheless, the stocks have risen 42.96% over the past one year. While a 52-week high of $19.40 was reached on 11/25/24, a 52-week low of $12.22 was recorded on 04/16/24. SMA at 50 days reached $17.26, while 200 days put it at $15.01.
Levels Of Support And Resistance For EBC Stock
The 24-hour chart illustrates a support level at 17.92, which if violated will result in even more drops to 17.77. On the upside, there is a resistance level at 18.37. A further resistance level may holdings at 18.67. The Relative Strength Index (RSI) on the 14-day chart is 50.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.58%. Stochastics %K at 41.47% indicates the stock is a holding.
How much short interest is there in Eastern Bankshares Inc?
A steep rise in short interest was recorded in Eastern Bankshares Inc stocks on 2024-11-15, growing by 0.13 million shares to a total of 3.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.64 million shares. There was a rise of 3.46%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 16, 2021 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $25 price target.
