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A company insider recently sold 24,300 shares of UMB Financial Corp [UMBF]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. UMB Financial Corp shares valued at $3,036,384 were sold by KEMPER J MARINER on Dec 02 ’24. At $124.95 per share, KEMPER J MARINER sold 24,300 shares. The insider’s holdings dropped to 1,552,304 shares worth approximately $197.34 million following the completion of this transaction.

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Also, R C Kemper Marital Trust purchased 24,300 shares, netting a total of over 3,049,407 in proceeds.

Before that, R C Kemper Jr Charitable Trust had added 6,450 shares to its account. In a trade valued at $809,410, the Affiliate bought UMB Financial Corp shares for $125.49 each.

As published in their initiating research note from RBC Capital Mkts on November 22, 2024, UMB Financial Corp [UMBF] has been a Sector perform and the price target has been revised to $130. Analysts at Morgan Stanley started covering the stock with ‘”an Overweight”‘ outlook in a report released in late November. As of October 10, 2024, Citigroup has initiated its “Buy” rating for UMBF. Earlier on May 31, 2024, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for UMBF stock which previously was a “a Mkt perform”.

Analyzing UMBF Stock Performance

During the last five days, there has been a surge of approximately 0.99%. Over the course of the year, UMB Financial Corp shares have jumped approximately 52.16%. Shares of the company reached a 52-week high of $129.94 on 11/25/24 and a 52-week low of $76.00 on 04/29/24. A 50-day SMA is recorded $113.60, while a 200-day SMA reached $94.34. Nevertheless, trading volume fell to 0.56 million shares from 0.24 million shares the previous day.

Support And Resistance Levels for UMB Financial Corp (UMBF)

According to the 24-hour chart, there is a support level at 125.15, which, if violated, would cause prices to drop to 123.16. In the upper region, resistance lies at 128.87. The next price resistance is at 130.60. RSI (Relative Strength Index) is 65.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.82, which suggests the price will increase in the coming days. Percent R is at 24.22%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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