Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Commerce Bancshares, Inc shares valued at $2,616 were sold by Brooks Derrick on Dec 03 ’24. At $68.85 per share, Brooks Derrick sold 38 shares. The insider’s holdings dropped to 10,775 shares worth approximately $0.74 million following the completion of this transaction.
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Also, Brooks Derrick purchased 38 shares, netting a total of over 2,616 in proceeds.
Before that, Kellerhals Patricia R had sold 700 shares from its account. In a trade valued at $53,364, the Senior Vice President traded Commerce Bancshares, Inc shares for $76.23 each. Upon closing the transaction, the insider’s holdings decreased to 700 shares, worth approximately $1.49 million.
As published in a research note from Morgan Stanley on September 30, 2024, Commerce Bancshares, Inc [CBSH] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $64 from $66. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid April. As of January 11, 2024, BofA Securities has initiated its “Neutral” rating for CBSH. Earlier on September 27, 2023, Morgan Stanley upgraded its rating. Their new recommendation was “an Equal-weight” for CBSH stock which previously was a “an Underweight”.
Analyzing CBSH Stock Performance
During the last five days, there has been a drop of approximately -2.31%. Over the course of the year, Commerce Bancshares, Inc shares have jumped approximately 35.14%. Shares of the company reached a 52-week high of $72.75 on 11/25/24 and a 52-week low of $47.09 on 02/13/24. A 50-day SMA is recorded $62.23, while a 200-day SMA reached $56.15. Nevertheless, trading volume fell to 0.53 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Commerce Bancshares, Inc (CBSH)
According to the 24-hour chart, there is a support level at 68.31, which, if violated, would cause prices to drop to 67.87. In the upper region, resistance lies at 69.52. The next price resistance is at 70.29. RSI (Relative Strength Index) is 60.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 71.41%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
