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U.S. Bancorp. [USB] Records 200-Day SMA of $39.50

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. U.S. Bancorp. shares valued at $895,070 were sold by CHOSY JAMES L on Feb 16 ’24. At $41.47 per share, CHOSY JAMES L sold 21,582 shares. The insider’s holdings dropped to 164,880 shares worth approximately $6.51 million following the completion of this transaction.

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Also, CECERE ANDREW sold 93,366 shares, netting a total of over 3,860,871 in proceeds. Following the sale of shares at $41.35 each, the insider now holds 1,081,432 shares.

Before that, DOLAN TERRANCE R had sold 26,583 shares from its account. In a trade valued at $1,153,011, the Vice Chair traded U.S. Bancorp. shares for $43.37 each. Upon closing the transaction, the insider’s holdings decreased to 26,583 shares, worth approximately $5.7 million.

As published in a research note from JP Morgan on June 27, 2024, U.S. Bancorp. [USB] has been rated down from an Overweight to a Neutral and the price target has been revised to $43.50. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid April. As of March 28, 2024, HSBC Securities has increased its “Hold” rating to a “Buy” for USB. Earlier on March 22, 2024, Compass Point upgraded its rating. Their new recommendation was “a Buy” for USB stock which previously was a “a Neutral”.

Analyzing USB Stock Performance

During the last five days, there has been a drop of approximately -0.52%. Over the course of the year, U.S. Bancorp. shares have dropped approximately -8.72%. Shares of the company reached a 52-week high of $45.04 on 03/22/24 and a 52-week low of $37.81 on 06/11/24. A 50-day SMA is recorded $40.31, while a 200-day SMA reached $39.50. Nevertheless, trading volume fell to 3.72 million shares from 9.38 million shares the previous day.

Support And Resistance Levels for U.S. Bancorp. (USB)

According to the 24-hour chart, there is a support level at 39.25, which, if violated, would cause prices to drop to 39.00. In the upper region, resistance lies at 40.02. The next price resistance is at 40.54. RSI (Relative Strength Index) is 47.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 55.74%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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