United Bankshares, Inc’s filing revealed that its Director NESSELROAD MARK R unloaded Company’s shares for reported $0.23 million on Dec 18 ’24. In the deal valued at $39.16 per share,6,000 shares were sold. As a result of this transaction, NESSELROAD MARK R now holds 35,424 shares worth roughly $1.36 million.
Then, NESSELROAD MARK R bought 6,000 shares, generating $240,300 in total proceeds.
Before that, MCNAMARA J PAUL sold 2,500 shares. United Bankshares, Inc shares valued at $107,146 were divested by the Director at a price of $42.86 per share. As a result of the transaction, MCNAMARA J PAUL now holds 63,409 shares, worth roughly $2.43 million.
Stephens initiated its United Bankshares, Inc [UBSI] rating to an Equal-weight in a research note published on April 04, 2023; the price target was $32. Janney started covering the stock on September 06, 2022. It rated UBSI as “a Buy”.
Price Performance Review of UBSI
On Tuesday, United Bankshares, Inc [NASDAQ:UBSI] saw its stock jump 1.03% to $38.33. Over the last five days, the stock has lost -4.20%. United Bankshares, Inc shares have risen nearly 2.08% since the year began. Nevertheless, the stocks have risen 1.19% over the past one year. While a 52-week high of $44.43 was reached on 11/25/24, a 52-week low of $30.68 was recorded on 06/11/24. SMA at 50 days reached $40.12, while 200 days put it at $36.15.
Levels Of Support And Resistance For UBSI Stock
The 24-hour chart illustrates a support level at 37.96, which if violated will result in even more drops to 37.59. On the upside, there is a resistance level at 38.53. A further resistance level may holdings at 38.74. The Relative Strength Index (RSI) on the 14-day chart is 36.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.52%. Stochastics %K at 17.90% indicates the stock is a buying.
How much short interest is there in United Bankshares, Inc?
A steep rise in short interest was recorded in United Bankshares, Inc stocks on 2024-11-29, growing by 63514.0 shares to a total of 2.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.3 million shares. There was a rise of 2.69%, which implies that there is a positive sentiment for the stock.
