Cathay General Bancorp’s filing revealed that its Vice Chairman TANG ANTHONY M unloaded Company’s shares for reported $0.13 million on Dec 10 ’24. In the deal valued at $51.52 per share,2,500 shares were sold. As a result of this transaction, TANG ANTHONY M now holds 191,292 shares worth roughly $9.57 million.
Then, TANG ANTHONY M sold 2,500 shares, generating $127,602 in total proceeds. Upon selling the shares at $51.04, the Vice Chairman now owns 193,792 shares.
Before that, TANG ANTHONY M sold 3,000 shares. Cathay General Bancorp shares valued at $156,810 were divested by the Vice Chairman at a price of $52.27 per share. As a result of the transaction, TANG ANTHONY M now holds 196,292 shares, worth roughly $9.82 million.
Stephens upgraded its Cathay General Bancorp [CATY] rating to an Overweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early November from “a Neutral” to “an Underweight”. Stephens began covering CATY with “an Equal-weight” recommendation on July 14, 2022.
Price Performance Review of CATY
On Tuesday, Cathay General Bancorp [NASDAQ:CATY] saw its stock fall -2.04% to $50.02. Over the last five days, the stock has lost -1.92%. Cathay General Bancorp shares have risen nearly 12.23% since the year began. Nevertheless, the stocks have risen 13.07% over the past one year. While a 52-week high of $55.29 was reached on 11/25/24, a 52-week low of $33.88 was recorded on 04/23/24. SMA at 50 days reached $48.92, while 200 days put it at $41.58.
Levels Of Support And Resistance For CATY Stock
The 24-hour chart illustrates a support level at 49.54, which if violated will result in even more drops to 49.06. On the upside, there is a resistance level at 50.79. A further resistance level may holdings at 51.56. The Relative Strength Index (RSI) on the 14-day chart is 46.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.51%. Stochastics %K at 13.37% indicates the stock is a buying.
How much short interest is there in Cathay General Bancorp?
A steep rise in short interest was recorded in Cathay General Bancorp stocks on 2024-11-29, dropping by 49954.0 shares to a total of 2.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.35 million shares. There was a decline of -2.17%, which implies that there is a negative sentiment for the stock.
