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. Associated Banc-Corp shares valued at $826,455 were sold by Ahern Patrick Edward on Nov 08 ’24. At $26.85 per share, Ahern Patrick Edward sold 30,777 shares. The insider’s holdings dropped to 37,087 shares worth approximately $0.97 million following the completion of this transaction.
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Also, Braeger Matthew R sold 25,923 shares, netting a total of over 690,666 in proceeds. Following the sale of shares at $26.64 each, the insider now holds 12,939 shares.
Before that, Warsek Gregory had sold 39,680 shares from its account. In a trade valued at $1,089,811, the EVP traded Associated Banc-Corp shares for $27.46 each. Upon closing the transaction, the insider’s holdings decreased to 39,680 shares, worth approximately $0.26 million.
As published in a research note from Robert W. Baird on July 17, 2024, Associated Banc-Corp [ASB] has been rated down from an Outperform to a Neutral and the price target has been revised to $27. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early March. As of October 04, 2023, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for ASB. Earlier on September 05, 2023, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for ASB stock which previously was a “a Neutral”.
Analyzing ASB Stock Performance
During the last five days, there has been a drop of approximately -2.47%. Over the course of the year, Associated Banc-Corp shares have jumped approximately 21.83%. Shares of the company reached a 52-week high of $28.18 on 11/11/24 and a 52-week low of $19.40 on 02/13/24. A 50-day SMA is recorded $24.18, while a 200-day SMA reached $22.00. Nevertheless, trading volume fell to 2.63 million shares from 3.16 million shares the previous day.
Support And Resistance Levels for Associated Banc-Corp (ASB)
According to the 24-hour chart, there is a support level at 25.88, which, if violated, would cause prices to drop to 25.70. In the upper region, resistance lies at 26.39. The next price resistance is at 26.72. RSI (Relative Strength Index) is 52.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.52, which suggests the price will decrease in the coming days. Percent R is at 84.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
