Customers Bancorp Inc’s filing revealed that its Director Mackay Robert Neil unloaded Company’s shares for reported $0.22 million on Nov 20 ’24. In the deal valued at $53.78 per share,4,000 shares were sold. As a result of this transaction, Mackay Robert Neil now holds 4,567 shares worth roughly $0.22 million.
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Then, SIDHU JAY S sold 86,578 shares, generating $4,895,285 in total proceeds. Upon selling the shares at $56.54, the Chairman & CEO now owns 1,090,598 shares.
Before that, SIDHU JAY S sold 12,562 shares. Customers Bancorp Inc shares valued at $665,907 were divested by the Chairman & CEO at a price of $53.01 per share. As a result of the transaction, SIDHU JAY S now holds 1,177,176 shares, worth roughly $56.16 million.
Keefe Bruyette downgraded its Customers Bancorp Inc [CUBI] rating to a Mkt perform from a an Outperform in a research note published on November 04, 2024; the price target was decreased to $52 from $57. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in late September from “an Outperform” to “a Neutral”. Hovde Group also remained covering CUBI and has decreased its forecast on August 09, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Hovde Group maintained its rating on May 02, 2024. It rated CUBI as “an Outperform”.
Price Performance Review of CUBI
On Friday, Customers Bancorp Inc [NYSE:CUBI] saw its stock jump 1.55% to $47.71. Over the last five days, the stock has lost -10.84%. Customers Bancorp Inc shares have fallen nearly -17.20% since the year began. Nevertheless, the stocks have fallen -14.45% over the past one year. While a 52-week high of $68.49 was reached on 07/26/24, a 52-week low of $42.31 was recorded on 06/11/24. SMA at 50 days reached $51.34, while 200 days put it at $50.06.
Levels Of Support And Resistance For CUBI Stock
The 24-hour chart illustrates a support level at 46.49, which if violated will result in even more drops to 45.27. On the upside, there is a resistance level at 48.85. A further resistance level may holdings at 49.99. The Relative Strength Index (RSI) on the 14-day chart is 33.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.93%. Stochastics %K at 7.26% indicates the stock is a buying.
How much short interest is there in Customers Bancorp Inc?
A steep rise in short interest was recorded in Customers Bancorp Inc stocks on 2024-11-29, dropping by -0.34 million shares to a total of 1.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.32 million shares. There was a decline of -17.06%, which implies that there is a negative sentiment for the stock.
