KD Logo

Charles Schwab Corp. [SCHW] Shares Fall -0.19 % on Thursday

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. Charles Schwab Corp. shares valued at $5,493,146 were sold by Clark Bernard J. on May 28 ’24. At $70.94 per share, Clark Bernard J. sold 77,431 shares. The insider’s holdings dropped to 121,666 shares worth approximately $9.03 million following the completion of this transaction.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Also, Schwab-Pomerantz Carolyn sold 9,000 shares, netting a total of over 705,727 in proceeds. Following the sale of shares at $78.41 each, the insider now holds 574,257 shares.

Before that, Schwab Charles R. had sold 58,065 shares from its account. In a trade valued at $4,533,709, the Co-Chairman traded Charles Schwab Corp. shares for $78.08 each. Upon closing the transaction, the insider’s holdings decreased to 58,065 shares, worth approximately $4.51 billion.

As published in a research note from TD Cowen on March 22, 2024, Charles Schwab Corp. [SCHW] has been rated up from a Market perform to an Outperform and the price target has been revised to $87. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid January. As of January 10, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for SCHW. Earlier on January 04, 2024, TD Cowen initiated its rating. Their recommendation was “a Market perform” for SCHW stock.

Analyzing SCHW Stock Performance

During the last five days, there has been a surge of approximately 3.30%. Over the course of the year, Charles Schwab Corp. shares have jumped approximately 7.92%. Shares of the company reached a 52-week high of $79.49 on 05/22/24 and a 52-week low of $59.67 on 01/17/24. A 50-day SMA is recorded $73.93, while a 200-day SMA reached $64.12. Nevertheless, trading volume fell to 4.67 million shares from 7.01 million shares the previous day.

Support And Resistance Levels for Charles Schwab Corp. (SCHW)

According to the 24-hour chart, there is a support level at 73.79, which, if violated, would cause prices to drop to 73.32. In the upper region, resistance lies at 74.66. The next price resistance is at 75.06. RSI (Relative Strength Index) is 50.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.44, which suggests the price will decrease in the coming days. Percent R is at 52.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Most Popular