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. Shore Bancshares Inc shares valued at $3,638 were purchased by LAMON JOHN on May 30 ’25. At $14.55 per share, LAMON JOHN acquired 250 shares. The insider’s holdings grew to 62,132 shares worth approximately $0.95 million following the completion of this transaction.
Also, Willey Dawn M. purchased 1,000 shares, netting a total of over 14,578 in proceeds. Following the buying of shares at $14.58 each, the insider now holds 17,591 shares.
Before that, Streete Esther A. had added 30 shares to its account. In a trade valued at $437, the Director bought Shore Bancshares Inc shares for $14.58 each. Upon closing the transaction, the insider’s holdings increased to 30 shares, worth approximately $10058.67.
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
On last trading session,, Shore Bancshares Inc [NASDAQ: SHBI] rose 0.86% to $15.31. The stock’s lowest price that day was $14.81, but it reached a high of $15.36 in the same session. During the last five days, there has been a surge of approximately 5.88%. Over the course of the year, Shore Bancshares Inc shares have dropped approximately -3.41%.
Support And Resistance Levels for Shore Bancshares Inc (SHBI)
RSI (Relative Strength Index) is 66.92 on the 14-day chart, showing neutral technical sentiment.
Is Shore Bancshares Inc subject to short interest?
Stocks of Shore Bancshares Inc saw a sharp rise in short interest on 2025-05-30 jumping by 16536.0 shares to 0.36 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 0.34 million shares. A jump of 4.63% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.05 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.05.
