Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. German American Bancorp Inc shares valued at $950 were purchased by SHEIDLER JACK on Apr 15 ’25. At $35.95 per share, SHEIDLER JACK acquired 26 shares. The insider’s holdings grew to 63,960 shares worth approximately $2.28 million following the completion of this transaction.
Also, Stokes Ronnie R purchased 44 shares, netting a total of over 1,700 in proceeds. Following the buying of shares at $38.98 each, the insider now holds 5,673 shares.
Before that, Bawel Zachary W had added 22 shares to its account. In a trade valued at $850, the Director bought German American Bancorp Inc shares for $38.98 each. Upon closing the transaction, the insider’s holdings increased to 22 shares, worth approximately $0.74 million.
As published in a research note from Hovde Group on October 30, 2024, German American Bancorp Inc [GABC] has been rated up from a Market perform to an Outperform and the price target has been revised to $48 from $41. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid October. As of May 31, 2024, Hovde Group has reiterated its “Market perform” rating for GABC. Earlier on January 05, 2024, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for GABC stock which previously was a “a Mkt perform”.
Analyzing GABC Stock Performance
During the last five days, there has been a surge of approximately 3.79%. Over the course of the year, German American Bancorp Inc shares have dropped approximately -11.44%. Shares of the company reached a 52-week high of $43.20 on 01/30/25 and a 52-week low of $32.75 on 04/04/25. A 50-day SMA is recorded $38.18, while a 200-day SMA reached $39.78.
Support And Resistance Levels for German American Bancorp Inc (GABC)
According to the 24-hour chart, there is a support level at 35.29, which, if violated, would cause prices to drop to 34.95. In the upper region, resistance lies at 36.08. The next price resistance is at 36.53. RSI (Relative Strength Index) is 41.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 48.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
