U.S. Bancorp.’s recent filing unveils that its Senior EVP and General Counsel CHOSY JAMES L unloaded Company’s shares for reported $0.9 million on Feb 16 ’24. In the deal valued at $41.47 per share,21,582 shares were sold. As a result of this transaction, CHOSY JAMES L now holds 164,880 shares worth roughly $7.18 million.
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Then, CECERE ANDREW sold 93,366 shares, generating $3,860,871 in total proceeds. Upon selling the shares at $41.35, the Chairman, President and CEO now owns 1,081,432 shares.
Before that, DOLAN TERRANCE R sold 26,583 shares. U.S. Bancorp. shares valued at $1,153,011 were divested by the Vice Chair at a price of $43.37 per share. As a result of the transaction, DOLAN TERRANCE R now holds 144,236 shares, worth roughly $6.28 million.
Compass Point upgraded its U.S. Bancorp. [USB] rating to a Buy from a a Neutral in a research note published on March 22, 2024; the price target was increased to $49 from $46. A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “an Equal-weight”. Robert W. Baird also remained covering USB and has decreased its forecast on December 15, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. Odeon revised its rating on December 14, 2023. It rated USB as “a Buy” which previously was an “a Hold”.
Price Performance Review of USB
On Monday, U.S. Bancorp. [NYSE:USB] saw its stock fall -0.09% to $43.55. Over the last five days, the stock has gained 2.54%. U.S. Bancorp. shares have risen nearly 0.62% since the year began. Nevertheless, the stocks have risen 24.22% over the past one year. While a 52-week high of $45.85 was reached on 03/22/24, a 52-week low of $27.27 was recorded on 02/07/24. SMA at 50 days reached $41.89, while 200 days put it at $37.82. A total of 6.42 million shares were traded, compared to the trading of 6.7 million shares in the previous session.
Levels Of Support And Resistance For USB Stock
The 24-hour chart illustrates a support level at 43.24, which if violated will result in even more drops to 42.93. On the upside, there is a resistance level at 44.08. A further resistance level may holdings at 44.61. The Relative Strength Index (RSI) on the 14-day chart is 56.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.48%. Stochastics %K at 67.58% indicates the stock is a holding.
How much short interest is there in U.S. Bancorp.?
A steep rise in short interest was recorded in U.S. Bancorp. stocks on Feb 29, 2024, dropping by -2.73 million shares to a total of 18.61 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 21.34 million shares. There was a decline of -14.67%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.20% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.09.
The most recent change occurred on September 07, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $30 price target.
