The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Stock Yards Bancorp Inc shares valued at $312,000 were purchased by Wells Laura L on Dec 18 ’24. At $78.00 per share, Wells Laura L acquired 4,000 shares.
Also, Newton Michael B sold 45 shares, netting a total of over 3,454 in proceeds. Following the sale of shares at $76.76 each, the insider now holds 2,927 shares.
Before that, HEINTZMAN DAVID P had sold 3,500 shares from its account. In a trade valued at $273,348, the Director traded Stock Yards Bancorp Inc shares for $78.10 each. Upon closing the transaction, the insider’s holdings decreased to 3,500 shares, worth approximately $1.49 million.
As published in a research note from Stephens on November 15, 2024, Stock Yards Bancorp Inc [SYBT] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $76 from $70. Analysts at Hovde Group downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late October. Earlier on July 24, 2024, Hovde Group resumed its rating. Their recommendation was “an Outperform” for SYBT stock.
Analyzing SYBT Stock Performance
During the last five days, there has been a drop of approximately -2.88%. Over the course of the year, Stock Yards Bancorp Inc shares have dropped approximately -2.88%. Shares of the company reached a 52-week high of $72.86 on 01/02/25 and a 52-week low of $68.72 on 01/07/25. A 50-day SMA is recorded $73.27, while a 200-day SMA reached $58.37. Nevertheless, trading volume fell to 0.1 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for Stock Yards Bancorp Inc (SYBT)
According to the 24-hour chart, there is a support level at 69.05, which, if violated, would cause prices to drop to 68.54. In the upper region, resistance lies at 70.03. The next price resistance is at 70.50. RSI (Relative Strength Index) is 35.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.67, which suggests the price will decrease in the coming days. Percent R is at 89.79%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
