Prosperity Bancshares Inc’s recently made public that its Director HOLMES NED S unloaded Company’s shares for reported $44247.0 on Mar 05 ’25. In the deal valued at $73.74 per share,600 shares were sold. As a result of this transaction, HOLMES NED S now holds 46,800 shares worth roughly $3.31 million.
Then, HOLMES NED S sold 500 shares, generating $36,811 in total proceeds. Upon selling the shares at $73.62, the Director now owns 105,315 shares.
Before that, HOLMES NED S sold 600 shares. Prosperity Bancshares Inc shares valued at $45,826 were divested by the Director at a price of $76.38 per share. As a result of the transaction, HOLMES NED S now holds 46,900 shares, worth roughly $3.31 million.
BofA Securities upgraded its Prosperity Bancshares Inc [PB] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Peer perform”. DA Davidson also remained covering PB and has decreased its forecast on October 15, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wedbush revised its rating on September 24, 2024. It rated PB as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of PB
On Tuesday, Prosperity Bancshares Inc [NYSE:PB] saw its stock fall -1.24% to $70.66. Over the last five days, the stock has lost -4.14%. Prosperity Bancshares Inc shares have fallen nearly -6.22% since the year began. Nevertheless, the stocks have risen 10.70% over the past one year. While a 52-week high of $86.75 was reached on 01/29/25, a 52-week low of $57.16 was recorded on 03/11/25. SMA at 50 days reached $77.00, while 200 days put it at $72.61.
Levels Of Support And Resistance For PB Stock
The 24-hour chart illustrates a support level at 70.05, which if violated will result in even more drops to 69.43. On the upside, there is a resistance level at 71.58. A further resistance level may holdings at 72.49. The Relative Strength Index (RSI) on the 14-day chart is 22.24, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.04%. Stochastics %K at 8.16% indicates the stock is a buying.
