Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Truist Financial Corporation shares valued at $209,614 were purchased by Weaver David Hudson on Aug 14 ’24. At $41.92 per share, Weaver David Hudson acquired 5,000 shares.
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
Sponsored
Also, Powell Cynthia B sold 6,688 shares, netting a total of over 295,208 in proceeds. Following the sale of shares at $44.14 each, the insider now holds 0 shares.
Before that, ROGERS WILLIAM H JR had added 57,300 shares to its account. In a trade valued at $2,518,908, the Chairman & CEO bought Truist Financial Corporation shares for $43.96 each. Upon closing the transaction, the insider’s holdings increased to 57,300 shares, worth approximately $23.92 million.
As published in a research note from Wolfe Research on August 09, 2024, Truist Financial Corporation [TFC] has been rated up from an Underperform to a Peer perform. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of July 17, 2024, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for TFC.
Analyzing TFC Stock Performance
During the last five days, there has been a surge of approximately 0.89%. Over the course of the year, Truist Financial Corporation shares have jumped approximately 13.81%. Shares of the company reached a 52-week high of $45.31 on 07/31/24 and a 52-week low of $34.23 on 02/13/24. A 50-day SMA is recorded $42.62, while a 200-day SMA reached $38.43. Nevertheless, trading volume fell to 6.71 million shares from 10.73 million shares the previous day.
Support And Resistance Levels for Truist Financial Corporation (TFC)
According to the 24-hour chart, there is a support level at 41.54, which, if violated, would cause prices to drop to 41.07. In the upper region, resistance lies at 42.63. The next price resistance is at 43.25. RSI (Relative Strength Index) is 46.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.64, which suggests the price will decrease in the coming days. Percent R is at 66.91%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
