Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Shore Bancshares Inc shares valued at $4,993 were purchased by STEVENS DONNA J. on Feb 20 ’25. At $15.85 per share, STEVENS DONNA J. acquired 315 shares. The insider’s holdings grew to 1,815 shares worth approximately $22705.649999999998 following the completion of this transaction.
Also, Adams Michael Brian purchased 965 shares, netting a total of over 15,363 in proceeds. Following the buying of shares at $15.92 each, the insider now holds 9,126 shares.
Before that, WAYSON KONRAD had added 3,000 shares to its account. In a trade valued at $50,820, the Director bought Shore Bancshares Inc shares for $16.94 each. Upon closing the transaction, the insider’s holdings increased to 3,000 shares, worth approximately $0.67 million.
As published in their initiating research note from Piper Sandler on February 06, 2025, Shore Bancshares Inc [SHBI] has been an Overweight and the price target has been revised to $20. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early December. As of July 30, 2024, Janney has decreased its “Buy” rating to a “Neutral” for SHBI. Earlier on August 15, 2023, Janney upgraded its rating. Their new recommendation was “a Buy” for SHBI stock which previously was a “a Neutral”.
Analyzing SHBI Stock Performance
During the last five days, there has been a surge of approximately 6.02%. Over the course of the year, Shore Bancshares Inc shares have dropped approximately -21.07%. Shares of the company reached a 52-week high of $17.24 on 01/31/25 and a 52-week low of $11.47 on 04/11/25. A 50-day SMA is recorded $14.14, while a 200-day SMA reached $14.52.
Support And Resistance Levels for Shore Bancshares Inc (SHBI)
According to the 24-hour chart, there is a support level at 12.39, which, if violated, would cause prices to drop to 12.27. In the upper region, resistance lies at 12.59. The next price resistance is at 12.67. RSI (Relative Strength Index) is 41.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 52.07%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
