Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. German American Bancorp Inc shares valued at $850 were purchased by Bawel Zachary W on Jan 22 ’25. At $39.04 per share, Bawel Zachary W acquired 22 shares. The insider’s holdings grew to 20,475 shares worth approximately $0.85 million following the completion of this transaction.
Also, SHEIDLER JACK purchased 23 shares, netting a total of over 900 in proceeds. Following the buying of shares at $39.04 each, the insider now holds 63,751 shares.
Before that, SHEIDLER JACK had added 38 shares to its account. In a trade valued at $1,700, the Director bought German American Bancorp Inc shares for $44.38 each. Upon closing the transaction, the insider’s holdings increased to 38 shares, worth approximately $2.64 million.
As published in a research note from Hovde Group on October 30, 2024, German American Bancorp Inc [GABC] has been rated up from a Market perform to an Outperform and the price target has been revised to $48 from $41. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid October. As of May 31, 2024, Hovde Group has reiterated its “Market perform” rating for GABC. Earlier on January 05, 2024, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for GABC stock which previously was a “a Mkt perform”.
Analyzing GABC Stock Performance
During the last five days, there has been a surge of approximately 6.80%. Over the course of the year, German American Bancorp Inc shares have jumped approximately 3.08%. Shares of the company reached a 52-week high of $43.20 on 01/30/25 and a 52-week low of $36.84 on 01/10/25. A 50-day SMA is recorded $42.17, while a 200-day SMA reached $38.21. Nevertheless, trading volume fell to 0.55 million shares from 0.11 million shares the previous day.
Support And Resistance Levels for German American Bancorp Inc (GABC)
According to the 24-hour chart, there is a support level at 40.59, which, if violated, would cause prices to drop to 39.72. In the upper region, resistance lies at 42.76. The next price resistance is at 44.07. RSI (Relative Strength Index) is 57.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.95, which suggests the price will increase in the coming days. Percent R is at 27.36%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
