John C. Pittman, a director at Embassy Bancorp, Inc. (OTC:EMYB), a $125.7 million market cap regional bank, recently sold 10,019 shares of the company's common stock. The shares were sold on December 13 at an average price of $16.50 - matching the stock's 52-week high - amounting to a total transaction value of approximately $165,313. According to InvestingPro analysis, the stock appears overvalued at current levels, with technical indicators suggesting overbought conditions. Following this transaction, Pittman holds 361,969.51 shares directly. Additionally, Pittman has indirect holdings of 5,555 shares by his spouse, 3,284 shares in an IRA, and 150 shares held by his spouse as custodian for their grandson. The stock has shown strong momentum with a 28.6% return over the past six months, while maintaining a 13-year track record of consecutive dividend increases. InvestingPro subscribers can access 5 additional key insights about Embassy Bancorp's financial health and market position.
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