Truist Financial Corporation’s filing revealed that its Director Boyer K. David Jr. unloaded Company’s shares for reported $0.14 million on Mar 07 ’24. In the deal valued at $37.48 per share,3,764 shares were sold. As a result of this transaction, Boyer K. David Jr. now holds 16,132 shares worth roughly $0.59 million.
Then, ROGERS WILLIAM H JR bought 10,000 shares, generating $280,480 in total proceeds. Upon buying the shares at $28.05, the Chairman & CEO now owns 412,924 shares.
Before that, PATTON CHARLES A bought 1,332 shares. Truist Financial Corporation shares valued at $25,308 were divested by the Director at a price of $19.00 per share. As a result of the transaction, PATTON CHARLES A now holds 5,000 shares, worth roughly $0.18 million.
Stephens upgraded its Truist Financial Corporation [TFC] rating to an Overweight from a an Equal-weight in a research note published on March 19, 2024; the price target was increased to $43 from $41. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Odeon also remained covering TFC and has increased its forecast on December 14, 2023 with a “Buy” recommendation from previously “Hold” rating. Keefe Bruyette revised its rating on September 21, 2023. It rated TFC as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of TFC
On Friday, Truist Financial Corporation [NYSE:TFC] saw its stock fall -1.42% to $36.77. Over the last five days, the stock has lost -3.47%. Truist Financial Corporation shares have fallen nearly -0.41% since the year began. Nevertheless, the stocks have risen 10.72% over the past one year. While a 52-week high of $39.29 was reached on 03/28/24, a 52-week low of $25.56 was recorded on 02/13/24. SMA at 50 days reached $36.59, while 200 days put it at $33.09. A total of 7.88 million shares were traded, compared to the trading of 10.6 million shares in the previous session.
Levels Of Support And Resistance For TFC Stock
The 24-hour chart illustrates a support level at 36.59, which if violated will result in even more drops to 36.40. On the upside, there is a resistance level at 36.99. A further resistance level may holdings at 37.20. The Relative Strength Index (RSI) on the 14-day chart is 45.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.38%. Stochastics %K at 17.18% indicates the stock is a buying.
