International Bancshares Corp’s recently made public that its Director DENNIS NIXON acquired Company’s shares for reported $7.17 million on Nov 12 ’24. In the deal valued at $71.72 per share,100,000 shares were bought.
Then, NIXON DENNIS E sold 65,185 shares, generating $4,658,772 in total proceeds. Upon selling the shares at $71.47, the CEO now owns 900,000 shares.
Before that, NIXON DENNIS E sold 34,815 shares. International Bancshares Corp shares valued at $2,512,947 were divested by the CEO at a price of $72.18 per share. As a result of the transaction, NIXON DENNIS E now holds 965,185 shares, worth roughly $60.28 million.
Standpoint Research downgraded its International Bancshares Corp [IBOC] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Standpoint Research’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Sterne Agee began covering IBOC with “Neutral” recommendation on June 19, 2009.
Price Performance Review of IBOC
On Monday, International Bancshares Corp [NASDAQ:IBOC] saw its stock fall -1.12% to $62.45. Over the last five days, the stock has gained 3.02%. International Bancshares Corp shares have fallen nearly -1.12% since the year began. Nevertheless, the stocks have risen 16.90% over the past one year. While a 52-week high of $76.91 was reached on 01/29/25, a 52-week low of $51.80 was recorded on 03/17/25. SMA at 50 days reached $64.84, while 200 days put it at $63.18.
Levels Of Support And Resistance For IBOC Stock
The 24-hour chart illustrates a support level at 60.81, which if violated will result in even more drops to 59.18. On the upside, there is a resistance level at 63.50. A further resistance level may holdings at 64.56. The Relative Strength Index (RSI) on the 14-day chart is 43.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.67%. Stochastics %K at 27.30% indicates the stock is a holding.
How much short interest is there in International Bancshares Corp?
A steep rise in short interest was recorded in International Bancshares Corp stocks on 2025-02-28, growing by 0.14 million shares to a total of 0.87 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 0.73 million shares. There was a rise of 15.91%, which implies that there is a positive sentiment for the stock.
