Stellar Bancorp Inc’s recent filing unveils that its SEVP, GC & Secretary Long Justin M unloaded Company’s shares for reported $0.13 million on Nov 22 ’24. In the deal valued at $30.01 per share,4,200 shares were sold. As a result of this transaction, Long Justin M now holds 46,662 shares worth roughly $1.32 million.
Then, Long Justin M bought 5,000 shares, generating $150,200 in total proceeds.
Before that, Wilson William E Jr sold 24,000 shares. Stellar Bancorp Inc shares valued at $726,720 were divested by the Director at a price of $30.28 per share. As a result of the transaction, Wilson William E Jr now holds 71,694 shares, worth roughly $2.02 million.
Stephens downgraded its Stellar Bancorp Inc [STEL] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “an Overweight”. Stephens also remained covering STEL and has increased its forecast on December 13, 2022 with a “an Overweight” recommendation from previously “an Equal-weight” rating.
Price Performance Review of STEL
On Friday, Stellar Bancorp Inc [NYSE:STEL] saw its stock jump 1.40% to $28.20. Over the last five days, the stock has gained 6.58%. Stellar Bancorp Inc shares have fallen nearly -0.53% since the year began. Nevertheless, the stocks have risen 10.24% over the past one year. While a 52-week high of $32.36 was reached on 01/02/25, a 52-week low of $21.27 was recorded on 01/10/25. SMA at 50 days reached $29.46, while 200 days put it at $25.76.
Levels Of Support And Resistance For STEL Stock
The 24-hour chart illustrates a support level at 27.82, which if violated will result in even more drops to 27.45. On the upside, there is a resistance level at 28.41. A further resistance level may holdings at 28.63. The Relative Strength Index (RSI) on the 14-day chart is 47.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.95%. Stochastics %K at 67.94% indicates the stock is a holding.
How much short interest is there in Stellar Bancorp Inc?
A steep rise in short interest was recorded in Stellar Bancorp Inc stocks on 2024-12-31, dropping by 14647.0 shares to a total of 0.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.41 million shares. There was a decline of -3.67%, which implies that there is a negative sentiment for the stock.
