In a filing, U.S. Bancorp. revealed 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 $6.47 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 $5.66 million.
JP Morgan downgraded its U.S. Bancorp. [USB] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid April from “an Outperform” to “a Mkt perform”. HSBC Securities also remained covering USB and has increased its forecast on March 28, 2024 with a “Buy” recommendation from previously “Hold” rating. Compass Point revised its rating on March 22, 2024. It rated USB as “a Buy” which previously was an “a Neutral”.
Price Performance Review of USB
On Monday, U.S. Bancorp. [NYSE:USB] saw its stock fall -1.16% to $39.24. Over the last five days, the stock has lost -3.23%. U.S. Bancorp. shares have fallen nearly -9.33% since the year began. Nevertheless, the stocks have risen 19.78% over the past one year. While a 52-week high of $45.85 was reached on 03/22/24, a 52-week low of $30.47 was recorded on 06/11/24. SMA at 50 days reached $40.35, while 200 days put it at $39.46. A total of 8.01 million shares were traded, compared to the trading of 12.21 million shares in the previous session.
Levels Of Support And Resistance For USB Stock
The 24-hour chart illustrates a support level at 38.89, which if violated will result in even more drops to 38.53. On the upside, there is a resistance level at 39.77. A further resistance level may holdings at 40.30. The Relative Strength Index (RSI) on the 14-day chart is 44.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.49%. Stochastics%K at 57.48% indicates the stock is a holding.
