Prosperity Bancshares Inc’s recently made public that its Director HOLMES NED S unloaded Company’s shares for reported $44477.0 on Jan 08 ’25. In the deal valued at $74.13 per share,600 shares were sold. As a result of this transaction, HOLMES NED S now holds 47,600 shares worth roughly $3.69 million.
Then, HOLMES NED S sold 500 shares, generating $37,059 in total proceeds. Upon selling the shares at $74.12, the Director now owns 109,315 shares.
Before that, HOLMES NED S sold 600 shares. Prosperity Bancshares Inc shares valued at $45,161 were divested by the Director at a price of $75.27 per share. As a result of the transaction, HOLMES NED S now holds 47,700 shares, worth roughly $3.7 million.
BofA Securities upgraded its Prosperity Bancshares Inc [PB] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Peer perform”. DA Davidson also remained covering PB and has decreased its forecast on October 15, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wedbush revised its rating on September 24, 2024. It rated PB as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of PB
On Tuesday, Prosperity Bancshares Inc [NYSE:PB] saw its stock jump 3.30% to $77.60. Over the last five days, the stock has gained 3.81%. Prosperity Bancshares Inc shares have risen nearly 2.99% since the year began. Nevertheless, the stocks have risen 18.65% over the past one year. While a 52-week high of $86.75 was reached on 01/14/25, a 52-week low of $57.16 was recorded on 01/10/25. SMA at 50 days reached $79.02, while 200 days put it at $69.80.
Levels Of Support And Resistance For PB Stock
The 24-hour chart illustrates a support level at 76.18, which if violated will result in even more drops to 74.76. On the upside, there is a resistance level at 78.43. A further resistance level may holdings at 79.25. The Relative Strength Index (RSI) on the 14-day chart is 53.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.09%. Stochastics %K at 62.57% indicates the stock is a holding.
How much short interest is there in Prosperity Bancshares Inc?
A steep rise in short interest was recorded in Prosperity Bancshares Inc stocks on 2024-12-31, dropping by -0.53 million shares to a total of 1.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.83 million shares. There was a decline of -41.04%, which implies that there is a negative sentiment for the stock.
