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Insider Boyer K. David Jr. sells 3,764 of Truist Financial Corporation [TFC] Stock

In a filing, Truist Financial Corporation revealed 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 $0.61 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 $0.19 million.

Compass Point upgraded its Truist Financial Corporation [TFC] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Stephens’s analysts, who increased its forecast for the stock in mid March from “an Equal-weight” to “an Overweight”. BofA Securities also remained covering TFC and has increased its forecast on January 04, 2024 with a “Buy” recommendation from previously “Neutral” rating. Odeon revised its rating on December 14, 2023. It rated TFC as “a Buy” which previously was an “a Hold”.

Price Performance Review of TFC

On Tuesday, Truist Financial Corporation [NYSE:TFC] saw its stock fall -1.98% to $37.55. Over the last five days, the stock has lost -3.32%. Truist Financial Corporation shares have risen nearly 1.71% since the year began. Nevertheless, the stocks have risen 15.25% 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 $36.92, while 200 days put it at $33.42. A total of 6.57 million shares were traded, compared to the trading of 8.07 million shares in the previous session.

Levels Of Support And Resistance For TFC Stock

The 24-hour chart illustrates a support level at 37.33, which if violated will result in even more drops to 37.11. On the upside, there is a resistance level at 37.97. A further resistance level may holdings at 38.39. The Relative Strength Index (RSI) on the 14-day chart is 50.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.29%. Stochastics %K at 70.75% indicates the stock is a holding.

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