Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Prosperity Bancshares Inc shares valued at $320,280 were sold by STAFFORD HARRISON II on Dec 13 ’24. At $80.07 per share, STAFFORD HARRISON II sold 4,000 shares. The insider’s holdings dropped to 107,137 shares worth approximately $8.07 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, STAFFORD HARRISON II purchased 4,000 shares, netting a total of over 324,160 in proceeds.
Before that, HOLMES NED S had sold 600 shares from its account. In a trade valued at $49,295, the Director traded Prosperity Bancshares Inc shares for $82.16 each. Upon closing the transaction, the insider’s holdings decreased to 600 shares, worth approximately $3.61 million.
As published in a research note from Wolfe Research on December 05, 2024, Prosperity Bancshares Inc [PB] has been rated down from an Outperform to a Peer perform. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid October. As of September 24, 2024, Wedbush has increased its “Neutral” rating to a “an Outperform” for PB. Earlier on September 20, 2024, Truist downgraded its rating. Their new recommendation was “a Hold” for PB stock which previously was a “a Buy”.
Analyzing PB Stock Performance
During the last five days, there has been a drop of approximately -8.07%. Over the course of the year, Prosperity Bancshares Inc shares have jumped approximately 11.18%. Shares of the company reached a 52-week high of $86.75 on 11/25/24 and a 52-week low of $57.16 on 06/17/24. A 50-day SMA is recorded $78.32, while a 200-day SMA reached $68.79. Nevertheless, trading volume fell to 0.66 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Prosperity Bancshares Inc (PB)
According to the 24-hour chart, there is a support level at 73.69, which, if violated, would cause prices to drop to 72.08. In the upper region, resistance lies at 78.07. The next price resistance is at 80.84. RSI (Relative Strength Index) is 29.47 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.32, which suggests the price will decrease in the coming days. Percent R is at 95.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
