Coastal Financial Corp’s recently made public that its CEO Sprink Eric M unloaded Company’s shares for reported $0.24 million on Oct 22 ’24. In the deal valued at $59.33 per share,4,000 shares were sold. As a result of this transaction, Sprink Eric M now holds 236,388 shares worth roughly $19.67 million.
Then, Sprink Eric M sold 2,518 shares, generating $178,174 in total proceeds. Upon selling the shares at $70.76, the CEO now owns 242,388 shares.
Before that, Sprink Eric M sold 2,000 shares. Coastal Financial Corp shares valued at $141,900 were divested by the CEO at a price of $70.95 per share. As a result of the transaction, Sprink Eric M now holds 240,388 shares, worth roughly $20.0 million.
Hovde Group reiterated its Coastal Financial Corp [CCB] rating to an Outperform in a research note published on October 29, 2024; the price target was $76. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in late July has reiterated a ‘”an Outperform”‘ rating for it. Hovde Group also remained covering CCB and reiterated its “an Outperform” recommendation on May 03, 2024.
Price Performance Review of CCB
On Tuesday, Coastal Financial Corp [NASDAQ:CCB] saw its stock jump 1.45% to $83.19. Over the last five days, the stock has lost -0.94%. Coastal Financial Corp shares have risen nearly 87.75% since the year began. Nevertheless, the stocks have risen 86.57% over the past one year. While a 52-week high of $86.27 was reached on 12/17/24, a 52-week low of $35.67 was recorded on 03/18/24. SMA at 50 days reached $71.78, while 200 days put it at $52.35.
Levels Of Support And Resistance For CCB Stock
The 24-hour chart illustrates a support level at 82.26, which if violated will result in even more drops to 81.34. On the upside, there is a resistance level at 83.66. A further resistance level may holdings at 84.13. The Relative Strength Index (RSI) on the 14-day chart is 64.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.70%. Stochastics %K at 65.52% indicates the stock is a holding.
How much short interest is there in Coastal Financial Corp?
A steep rise in short interest was recorded in Coastal Financial Corp stocks on 2024-11-29, dropping by 18281.0 shares to a total of 0.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.34 million shares. There was a decline of -5.63%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 13, 2022 when Raymond James began covering the stock and recommended ‘”a Strong buy”‘ rating along with a $69 price target.
