Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. US Foods Holding Corp shares valued at $579,500 were sold by Locascio Dirk J. on Sep 12 ’24. At $57.95 per share, Locascio Dirk J. sold 10,000 shares. The insider’s holdings dropped to 88,563 shares worth approximately $5.49 million following the completion of this transaction.
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Also, Locascio Dirk J. purchased 10,000 shares, netting a total of over 579,500 in proceeds.
Before that, Rickard David A had sold 8,365 shares from its account. In a trade valued at $451,626, the EVP Strategy Revenue Mgmt traded US Foods Holding Corp shares for $53.99 each. Upon closing the transaction, the insider’s holdings decreased to 8,365 shares, worth approximately $9.92 million.
As published in a research note from UBS on February 20, 2024, US Foods Holding Corp [USFD] has been rated up from a Neutral to a Buy and the price target has been revised to $64 from $47. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid February. Earlier on October 19, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for USFD stock.
Analyzing USFD Stock Performance
During the last five days, there has been a surge of approximately 4.63%. Over the course of the year, US Foods Holding Corp shares have jumped approximately 36.42%. Shares of the company reached a 52-week high of $62.34 on 09/18/24 and a 52-week low of $44.81 on 01/24/24. A 50-day SMA is recorded $55.75, while a 200-day SMA reached $51.60. Nevertheless, trading volume fell to 2.02 million shares from 3.34 million shares the previous day.
Support And Resistance Levels for US Foods Holding Corp (USFD)
According to the 24-hour chart, there is a support level at 61.52, which, if violated, would cause prices to drop to 61.09. In the upper region, resistance lies at 62.30. The next price resistance is at 62.65. RSI (Relative Strength Index) is 74.36 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.15, which suggests the price will increase in the coming days. Percent R is at 6.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
