Cathay General Bancorp’s recent filing unveils that its Vice Chairman TANG ANTHONY M unloaded Company’s shares for reported $0.13 million on Dec 10 ’24. In the deal valued at $51.52 per share,2,500 shares were sold. As a result of this transaction, TANG ANTHONY M now holds 191,292 shares worth roughly $8.9 million.
Then, TANG ANTHONY M sold 2,500 shares, generating $127,602 in total proceeds. Upon selling the shares at $51.04, the Vice Chairman now owns 193,792 shares.
Before that, TANG ANTHONY M sold 3,000 shares. Cathay General Bancorp shares valued at $156,810 were divested by the Vice Chairman at a price of $52.27 per share. As a result of the transaction, TANG ANTHONY M now holds 196,292 shares, worth roughly $9.13 million.
Stephens upgraded its Cathay General Bancorp [CATY] rating to an Overweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early November from “a Neutral” to “an Underweight”. Stephens began covering CATY with “an Equal-weight” recommendation on July 14, 2022.
Price Performance Review of CATY
On Tuesday, Cathay General Bancorp [NASDAQ:CATY] saw its stock jump 1.71% to $46.52. Over the last five days, the stock has lost -0.75%. Cathay General Bancorp shares have fallen nearly -2.29% since the year began. Nevertheless, the stocks have risen 18.52% over the past one year. While a 52-week high of $55.29 was reached on 01/15/25, a 52-week low of $33.88 was recorded on 01/10/25. SMA at 50 days reached $47.56, while 200 days put it at $43.89.
Levels Of Support And Resistance For CATY Stock
The 24-hour chart illustrates a support level at 46.08, which if violated will result in even more drops to 45.64. On the upside, there is a resistance level at 46.93. A further resistance level may holdings at 47.35. The Relative Strength Index (RSI) on the 14-day chart is 46.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.66%. Stochastics %K at 18.98% indicates the stock is a buying.