The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Customers Bancorp Inc shares valued at $3,806,846 were sold by SIDHU JAY S on Feb 04 ’25. At $56.82 per share, SIDHU JAY S sold 67,000 shares. The insider’s holdings dropped to 965,723 shares worth approximately $43.96 million following the completion of this transaction.
Also, SIDHU JAY S sold 33,173 shares, netting a total of over 1,899,138 in proceeds. Following the sale of shares at $57.25 each, the insider now holds 1,032,723 shares.
Before that, Jay Sidhu had added 100,173 shares to its account. In a trade valued at $5,684,818, the Officer bought Customers Bancorp Inc shares for $56.75 each.
As published in a research note from Keefe Bruyette on November 04, 2024, Customers Bancorp Inc [CUBI] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $52 from $57. Analysts at Wedbush downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late September. As of August 09, 2024, Hovde Group has decreased its “an Outperform” rating to a “Market perform” for CUBI. Earlier on May 02, 2024, Hovde Group resumed its rating. Their recommendation was “an Outperform” for CUBI stock.
Analyzing CUBI Stock Performance
During the last five days, there has been a surge of approximately 3.71%. Over the course of the year, Customers Bancorp Inc shares have dropped approximately -6.49%. Shares of the company reached a 52-week high of $58.88 on 01/28/25 and a 52-week low of $40.75 on 04/04/25. A 50-day SMA is recorded $50.96, while a 200-day SMA reached $51.21.
Support And Resistance Levels for Customers Bancorp Inc (CUBI)
According to the 24-hour chart, there is a support level at 45.08, which, if violated, would cause prices to drop to 44.65. In the upper region, resistance lies at 45.91. The next price resistance is at 46.31. RSI (Relative Strength Index) is 42.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.64, which suggests the price will decrease in the coming days. Percent R is at 56.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
