Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CVB Financial Corp shares valued at $197,279 were sold by Del Guercio Stephen A on Nov 26 ’24. At $23.80 per share, Del Guercio Stephen A sold 8,289 shares. The insider’s holdings dropped to 42,842 shares worth approximately $0.8 million following the completion of this transaction.
Also, Del Guercio Stephen A purchased 8,289 shares, netting a total of over 199,185 in proceeds.
Before that, Sheehy Kimberly H. had sold 2,961 shares from its account. In a trade valued at $50,763, the Director traded CVB Financial Corp shares for $17.14 each. Upon closing the transaction, the insider’s holdings decreased to 2,961 shares, worth approximately $0.25 million.
As published in a research note from Keefe Bruyette on October 02, 2024, CVB Financial Corp [CVBF] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $22 from $20. Analysts at Janney downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of April 22, 2024, Hovde Group has decreased its “an Outperform” rating to a “Market perform” for CVBF. Earlier on December 08, 2023, Stephens initiated its rating. Their recommendation was “an Equal-weight” for CVBF stock.
Analyzing CVBF Stock Performance
During the last five days, there has been a surge of approximately 8.81%. Over the course of the year, CVB Financial Corp shares have dropped approximately -12.28%. Shares of the company reached a 52-week high of $21.71 on 01/06/25 and a 52-week low of $16.01 on 04/11/25. A 50-day SMA is recorded $18.76, while a 200-day SMA reached $19.51.
Support And Resistance Levels for CVB Financial Corp (CVBF)
According to the 24-hour chart, there is a support level at 18.54, which, if violated, would cause prices to drop to 18.31. In the upper region, resistance lies at 19.06. The next price resistance is at 19.34. RSI (Relative Strength Index) is 59.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.02, which suggests the price will increase in the coming days. Percent R is at 10.36%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
