Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Commerce Bancshares, Inc shares valued at $106,853 were sold by BARTH KEVIN G on Dec 17 ’24. At $67.54 per share, BARTH KEVIN G sold 1,582 shares. The insider’s holdings dropped to 65,409 shares worth approximately $4.21 million following the completion of this transaction.
Also, Kellerhals Patricia R sold 1,000 shares, netting a total of over 67,690 in proceeds. Following the sale of shares at $67.69 each, the insider now holds 21,265 shares.
Before that, BARTH KEVIN G had added 1,582 shares to its account. In a trade valued at $106,853, the Officer bought Commerce Bancshares, Inc shares for $67.54 each.
As published in a research note from Raymond James on December 19, 2024, Commerce Bancshares, Inc [CBSH] has been rated down from an Outperform to a Mkt perform. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late September. As of April 17, 2024, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for CBSH. Earlier on January 11, 2024, BofA Securities initiated its rating. Their recommendation was “a Neutral” for CBSH stock.
Analyzing CBSH Stock Performance
During the last five days, there has been a surge of approximately 3.09%. Over the course of the year, Commerce Bancshares, Inc shares have jumped approximately 3.21%. Shares of the company reached a 52-week high of $65.51 on 01/15/25 and a 52-week low of $60.41 on 01/10/25. A 50-day SMA is recorded $65.87, while a 200-day SMA reached $58.08. Nevertheless, trading volume fell to 0.54 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Commerce Bancshares, Inc (CBSH)
According to the 24-hour chart, there is a support level at 63.42, which, if violated, would cause prices to drop to 62.52. In the upper region, resistance lies at 65.36. The next price resistance is at 66.40. RSI (Relative Strength Index) is 52.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.52, which suggests the price will decrease in the coming days. Percent R is at 23.53%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
