Coastal Financial (CCB) Plunges 6.37% Amid Insider Selling

Coastal Financial (CCB) shares fell 0.75% today, marking the second consecutive day of decline, with a total drop of 6.37% over the past two days. The stock price hit its lowest level since December 2024, experiencing an intraday decline of 4.46%.

Several research analysts have recently commented on CCB shares, with Stephens reissuing an "overweight" rating and setting a $100.00 price objective on the shares of Coastal Financial. This positive rating from a reputable analyst firm could potentially influence investor sentiment and stock performance.

Additionally, there has been notable insider activity within Coastal Financial Corporation. Recent data shows that more shares have been sold than bought, with the last 100 trades involving 202.34 thousand shares being bought. This insider selling activity could be a cause for concern among investors, as it may indicate that insiders believe the stock is overvalued or that they have negative expectations about the company's future performance.

Overall, the combination of analyst ratings and insider trading activities appears to be influencing the stock price of Coastal Financial (CCB). While the "overweight" rating from Stephens suggests potential upside, the significant insider selling could be weighing on investor confidence and contributing to the recent decline in the stock price.