Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. United Bankshares, Inc shares valued at $234,965 were sold by NESSELROAD MARK R on Dec 18 ’24. At $39.16 per share, NESSELROAD MARK R sold 6,000 shares. The insider’s holdings dropped to 35,424 shares worth approximately $1.31 million following the completion of this transaction.
Also, NESSELROAD MARK R purchased 6,000 shares, netting a total of over 240,300 in proceeds.
Before that, MCNAMARA J PAUL had sold 2,500 shares from its account. In a trade valued at $107,146, the Director traded United Bankshares, Inc shares for $42.86 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $2.35 million.
As published in their initiating research note from Stephens on April 04, 2023, United Bankshares, Inc [UBSI] has been an Equal-weight and the price target has been revised to $32. Earlier on September 06, 2022, Janney initiated its rating. Their recommendation was “a Buy” for UBSI stock.
Analyzing UBSI Stock Performance
During the last five days, there has been a drop of approximately -3.37%. Over the course of the year, United Bankshares, Inc shares have dropped approximately -1.36%. Shares of the company reached a 52-week high of $38.09 on 01/02/25 and a 52-week low of $36.93 on 01/02/25. A 50-day SMA is recorded $40.11, while a 200-day SMA reached $36.25. Nevertheless, trading volume fell to 0.56 million shares from 0.38 million shares the previous day.
Support And Resistance Levels for United Bankshares, Inc (UBSI)
According to the 24-hour chart, there is a support level at 36.62, which, if violated, would cause prices to drop to 36.19. In the upper region, resistance lies at 37.78. The next price resistance is at 38.51. RSI (Relative Strength Index) is 30.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.23, which suggests the price will decrease in the coming days. Percent R is at 97.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
