Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cathay General Bancorp shares valued at $128,788 were sold by TANG ANTHONY M on Dec 10 ’24. At $51.52 per share, TANG ANTHONY M sold 2,500 shares. The insider’s holdings dropped to 191,292 shares worth approximately $9.01 million following the completion of this transaction.
Also, TANG ANTHONY M sold 2,500 shares, netting a total of over 127,602 in proceeds. Following the sale of shares at $51.04 each, the insider now holds 193,792 shares.
Before that, TANG ANTHONY M had sold 3,000 shares from its account. In a trade valued at $156,810, the Vice Chairman traded Cathay General Bancorp shares for $52.27 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $9.24 million.
As published in a research note from Stephens on December 09, 2024, Cathay General Bancorp [CATY] has been rated up from an Equal-weight to an Overweight. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early November. As of July 14, 2022, Stephens has initiated its “an Equal-weight” rating for CATY.
Analyzing CATY Stock Performance
During the last five days, there has been a drop of approximately -1.11%. Over the course of the year, Cathay General Bancorp shares have dropped approximately -1.11%. Shares of the company reached a 52-week high of $48.54 on 01/06/25 and a 52-week low of $46.38 on 01/07/25. A 50-day SMA is recorded $49.71, while a 200-day SMA reached $42.18. Nevertheless, trading volume fell to 0.28 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Cathay General Bancorp (CATY)
According to the 24-hour chart, there is a support level at 46.50, which, if violated, would cause prices to drop to 45.93. In the upper region, resistance lies at 47.53. The next price resistance is at 47.99. RSI (Relative Strength Index) is 38.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 84.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
