International Bancshares Corp’s recent filing unveils that its Director DENNIS NIXON acquired Company’s shares for reported $7.17 million on Nov 12 ’24. In the deal valued at $71.72 per share,100,000 shares were bought.
Then, NIXON DENNIS E sold 65,185 shares, generating $4,658,772 in total proceeds. Upon selling the shares at $71.47, the CEO now owns 900,000 shares.
Before that, NIXON DENNIS E sold 34,815 shares. International Bancshares Corp shares valued at $2,512,947 were divested by the CEO at a price of $72.18 per share. As a result of the transaction, NIXON DENNIS E now holds 965,185 shares, worth roughly $62.17 million.
Standpoint Research downgraded its International Bancshares Corp [IBOC] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Standpoint Research’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Sterne Agee began covering IBOC with “Neutral” recommendation on June 19, 2009.
Price Performance Review of IBOC
On Tuesday, International Bancshares Corp [NASDAQ:IBOC] saw its stock jump 0.42% to $64.41. Over the last five days, the stock has lost -4.31%. International Bancshares Corp shares have risen nearly 19.44% since the year began. Nevertheless, the stocks have risen 23.30% over the past one year. While a 52-week high of $76.91 was reached on 11/25/24, a 52-week low of $48.85 was recorded on 02/23/24. SMA at 50 days reached $67.96, while 200 days put it at $60.87.
Levels Of Support And Resistance For IBOC Stock
The 24-hour chart illustrates a support level at 64.03, which if violated will result in even more drops to 63.65. On the upside, there is a resistance level at 64.67. A further resistance level may holdings at 64.93. The Relative Strength Index (RSI) on the 14-day chart is 38.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.09%. Stochastics %K at 17.38% indicates the stock is a buying.
How much short interest is there in International Bancshares Corp?
A steep rise in short interest was recorded in International Bancshares Corp stocks on 2024-11-29, dropping by 64132.0 shares to a total of 0.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.69 million shares. There was a decline of -10.2%, which implies that there is a negative sentiment for the stock.
