Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Columbia Banking System, Inc shares valued at $116,461 were sold by Nixon Torran B on Mar 04 ’25. At $25.99 per share, Nixon Torran B sold 4,481 shares. The insider’s holdings dropped to 104,869 shares worth approximately $2.65 million following the completion of this transaction.
Also, Nixon Torran B purchased 4,481 shares, netting a total of over 116,461 in proceeds.
As published in a research note from Wells Fargo on January 06, 2025, Columbia Banking System, Inc [COLB] has been rated up from an Equal weight to an Overweight and the price target has been revised to $35 from $33. As of September 24, 2024, Wedbush has increased its “Neutral” rating to a “an Outperform” for COLB. Earlier on March 08, 2024, Barclays initiated its rating. Their recommendation was “an Equal weight” for COLB stock.
Analyzing COLB Stock Performance
During the last five days, there has been a drop of approximately -4.82%. Over the course of the year, Columbia Banking System, Inc shares have dropped approximately -6.52%. Shares of the company reached a 52-week high of $29.18 on 01/15/25 and a 52-week low of $24.84 on 03/05/25. A 50-day SMA is recorded $27.36, while a 200-day SMA reached $25.41.
Support And Resistance Levels for Columbia Banking System, Inc (COLB)
According to the 24-hour chart, there is a support level at 24.84, which, if violated, would cause prices to drop to 24.42. In the upper region, resistance lies at 25.67. The next price resistance is at 26.09. RSI (Relative Strength Index) is 31.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.03, which suggests the price will decrease in the coming days. Percent R is at 87.16%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
