Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Eastern Bankshares Inc shares valued at $154,000 were purchased by Rosato R David on Mar 11 ’25. At $15.40 per share, Rosato R David acquired 10,000 shares. The insider’s holdings grew to 20,000 shares worth approximately $0.32 million following the completion of this transaction.
Also, Jackson Deborah C sold 5,713 shares, netting a total of over 106,033 in proceeds. Following the sale of shares at $18.56 each, the insider now holds 67,284 shares.
Before that, Borgen Luis had sold 12,419 shares from its account. In a trade valued at $230,497, the Director traded Eastern Bankshares Inc shares for $18.56 each. Upon closing the transaction, the insider’s holdings decreased to 12,419 shares, worth approximately $0.47 million.
Analysts at Seaport Research Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of January 31, 2023, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for EBC. Earlier on January 30, 2023, Janney downgraded its rating. Their new recommendation was “a Neutral” for EBC stock which previously was a “a Buy”.
Analyzing EBC Stock Performance
During the last five days, there has been a surge of approximately 7.27%. Over the course of the year, Eastern Bankshares Inc shares have dropped approximately -8.46%. Shares of the company reached a 52-week high of $19.17 on 02/06/25 and a 52-week low of $13.51 on 04/07/25. A 50-day SMA is recorded $16.34, while a 200-day SMA reached $16.80.
Support And Resistance Levels for Eastern Bankshares Inc (EBC)
According to the 24-hour chart, there is a support level at 15.50, which, if violated, would cause prices to drop to 15.20. In the upper region, resistance lies at 15.95. The next price resistance is at 16.10. RSI (Relative Strength Index) is 53.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.70, which suggests the price will decrease in the coming days. Percent R is at 2.56%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
