The Charles Schwab Corporation [SCHW] stock for 602,414 USD was sold by Craig Jonathan M.

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. The Charles Schwab Corporation shares valued at $602,414 were sold by Craig Jonathan M. on Aug 12. At $75.00 per share, Craig Jonathan M. sold 8,032 shares. The insider’s holdings dropped to 4,019 shares worth approximately $0.29 million following the completion of this transaction.

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Also, Schwab Charles R. sold 135,300 shares, netting a total of over 9,393,635 in proceeds. Following the sale of shares at $69.43 each, the insider now holds 69,613,930 shares.

Before that, Schwab Charles R. had sold 149,600 shares from its account. In a trade valued at $9,778,559, the Co-Chairman traded The Charles Schwab Corporation shares for $65.36 each. Upon closing the transaction, the insider’s holdings decreased to 149,600 shares, worth approximately $5.03 billion.

As published in their initiating research note from Barclays on August 31, 2022, The Charles Schwab Corporation [SCHW] has been an Equal weight and the price target has been revised to $81. This represents a 11.04% premium over Thursday’s closing price. Analysts at Redburn started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of June 21, 2022, UBS has increased its “Neutral” rating to a “Buy” for SCHW.

Analyzing SCHW’s Price Performance

On Thursday, The Charles Schwab Corporation [NYSE: SCHW] plunged -1.17% to $72.06. The stock’s lowest price that day was $71.60, but it reached a high of $74.17 in the same session. During the last five days, there has been a drop of approximately -0.72%. Over the course of the year, The Charles Schwab Corporation shares have dropped approximately -14.32%. Shares of the company reached a 52-week high of $96.24 on 02/09/22 and a 52-week low of $59.35 on 06/13/22. A 50-day SMA is recorded $70.12, while a 200-day SMA reached $76.16. Nevertheless, trading volume fell to 8.11 million shares from 8.09 million shares the previous day.

Support And Resistance Levels for The Charles Schwab Corporation (SCHW)

According to the 24-hour chart, there is a support level at 71.05, which, if violated, would cause prices to drop to 70.04. In the upper region, resistance lies at 73.62. The next price resistance is at 75.18. RSI (Relative Strength Index) is 49.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 55.41%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is The Charles Schwab Corporation subject to short interest?

Stocks of The Charles Schwab Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.45 million shares to 14.6 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 17.05 million shares. A decline of -16.78% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.95 of the overall float, the days-to-cover ratio (short ratio) decline to 1.95.

Which companies own the most shares of The Charles Schwab Corporation (SCHW)?

According to TD Asset Management, Inc. filings, the company currently owns 175,778,751 shares, which is about 9.67% of the total SCHW shares outstanding. The investor’s shares have plunged by -79,430,959 from its previous 13-F filing of 255209710.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $8,211,074,009. Dodge & Cox acquire a 9.42% interest valued at $5.61 billion while Wellington Management Co. LLP sold a -1,772,438 stake. A total of -1,454,580 shares of The Charles Schwab Corporation were sold by BlackRock Fund Advisors during the quarter, and -4,591,066 were sold by SSgA Funds Management, Inc.. In its current portfolio, T. Rowe Price Associates, Inc. holds 63,298,460 shares valued at $4.49 billion.

In terms of The Charles Schwab Corporation share price expectations, FactSet research, analysts set an average price target of $88.00 in the next 12 months, up nearly 18.64% from the previous closing price of $72.91. Analysts anticipate The Charles Schwab Corporation stock to reach $100.00 by 2022, with the lowest price target being $73.00. In spite of this, 18 analysts ranked The Charles Schwab Corporation stock as an Overweight at the end of 2022. On April 12, 2022, Compass Point assigned a price target of “a Buy” to the stock and upgraded coverage with a $98.


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