U.S. Bancorp.’s filing revealed 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 $6.77 million.
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 $5.92 million.
Keefe Bruyette downgraded its U.S. Bancorp. [USB] rating to a Mkt perform from a an Outperform in a research note published on April 18, 2024; the price target was decreased to $45 from $52. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in late March from “a Hold” to “a Buy”. Compass Point also remained covering USB and has increased its forecast on March 22, 2024 with a “Buy” recommendation from previously “Neutral” rating. Stephens revised its rating on December 20, 2023. It rated USB as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of USB
On Monday, U.S. Bancorp. [NYSE:USB] saw its stock jump 1.48% to $41.05. Over the last five days, the stock has lost -0.94%. U.S. Bancorp. shares have fallen nearly -5.15% since the year began. Nevertheless, the stocks have risen 18.10% 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 04/17/24. SMA at 50 days reached $42.22, while 200 days put it at $38.72. A total of 8.63 million shares were traded, compared to the trading of 12.06 million shares in the previous session.
Levels Of Support And Resistance For USB Stock
The 24-hour chart illustrates a support level at 40.40, which if violated will result in even more drops to 39.76. On the upside, there is a resistance level at 41.53. A further resistance level may holdings at 42.02. The Relative Strength Index (RSI) on the 14-day chart is 43.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.87%. Stochastics %K at 28.57% indicates the stock is a holding.
