Commerce Bancshares, Inc’s filing revealed that its Executive Vice President BARTH KEVIN G unloaded Company’s shares for reported $0.11 million on Dec 17 ’24. In the deal valued at $67.54 per share,1,582 shares were sold. As a result of this transaction, BARTH KEVIN G now holds 65,409 shares worth roughly $4.0 million.
Then, Kellerhals Patricia R sold 1,000 shares, generating $67,690 in total proceeds. Upon selling the shares at $67.69, the Senior Vice President now owns 21,265 shares.
Before that, BARTH KEVIN G bought 1,582 shares. Commerce Bancshares, Inc shares valued at $106,853 were divested by the Officer at a price of $67.54 per share.
Raymond James downgraded its Commerce Bancshares, Inc [CBSH] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late September from “an Overweight” to “an Equal-weight”. Raymond James also remained covering CBSH and has increased its forecast on April 17, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. BofA Securities started covering the stock on January 11, 2024. It rated CBSH as “a Neutral”.
Price Performance Review of CBSH
On Friday, Commerce Bancshares, Inc [NASDAQ:CBSH] saw its stock fall -2.58% to $61.15. Over the last five days, the stock has lost -0.97%. Commerce Bancshares, Inc shares have fallen nearly -1.86% since the year began. Nevertheless, the stocks have risen 20.26% over the past one year. While a 52-week high of $72.75 was reached on 01/06/25, a 52-week low of $47.09 was recorded on 01/10/25. SMA at 50 days reached $65.67, while 200 days put it at $57.88.
Levels Of Support And Resistance For CBSH Stock
The 24-hour chart illustrates a support level at 60.34, which if violated will result in even more drops to 59.53. On the upside, there is a resistance level at 62.03. A further resistance level may holdings at 62.90. The Relative Strength Index (RSI) on the 14-day chart is 32.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.32%. Stochastics %K at 24.58% indicates the stock is a holding.
How much short interest is there in Commerce Bancshares, Inc?
A steep rise in short interest was recorded in Commerce Bancshares, Inc stocks on 2024-12-13, growing by 0.33 million shares to a total of 2.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.17 million shares. There was a rise of 13.36%, which implies that there is a positive sentiment for the stock.
