Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Stellar Bancorp Inc shares valued at $126,042 were sold by Long Justin M on Nov 22 ’24. At $30.01 per share, Long Justin M sold 4,200 shares. The insider’s holdings dropped to 46,662 shares worth approximately $1.28 million following the completion of this transaction.
Also, Long Justin M purchased 5,000 shares, netting a total of over 150,200 in proceeds.
Before that, Wilson William E Jr had sold 24,000 shares from its account. In a trade valued at $726,720, the Director traded Stellar Bancorp Inc shares for $30.28 each. Upon closing the transaction, the insider’s holdings decreased to 24,000 shares, worth approximately $1.97 million.
As published in a research note from Stephens on December 09, 2024, Stellar Bancorp Inc [STEL] has been rated down from an Overweight to an Equal-weight. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in late January. As of December 13, 2022, Stephens has increased its “an Equal-weight” rating to a “an Overweight” for STEL.
Analyzing STEL Stock Performance
During the last five days, there has been a drop of approximately -3.14%. Over the course of the year, Stellar Bancorp Inc shares have dropped approximately -3.14%. Shares of the company reached a 52-week high of $28.78 on 01/02/25 and a 52-week low of $27.10 on 01/08/25. A 50-day SMA is recorded $29.43, while a 200-day SMA reached $25.65. Nevertheless, trading volume fell to 0.19 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for Stellar Bancorp Inc (STEL)
According to the 24-hour chart, there is a support level at 27.19, which, if violated, would cause prices to drop to 26.91. In the upper region, resistance lies at 27.65. The next price resistance is at 27.83. RSI (Relative Strength Index) is 32.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 89.60%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.