In a filing, U.S. Bancorp. revealed its Director Gillani Aleem acquired Company’s shares for reported $0.45 million on Jul 18 ’24. In the deal valued at $44.99 per share,10,000 shares were bought. As a result of this transaction, Gillani Aleem now holds 10,000 shares worth roughly $0.45 million.
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Then, CHOSY JAMES L sold 21,582 shares, generating $895,070 in total proceeds. Upon selling the shares at $41.47, the Senior EVP and General Counsel now owns 164,880 shares.
Before that, CECERE ANDREW sold 93,366 shares. U.S. Bancorp. shares valued at $3,860,871 were divested by the Chairman, President and CEO at a price of $41.35 per share. As a result of the transaction, CECERE ANDREW now holds 1,081,432 shares, worth roughly $48.34 million.
Morgan Stanley upgraded its U.S. Bancorp. [USB] rating to an Overweight from a an Equal-weight in a research note published on September 30, 2024; the price target was increased to $57 from $54. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late June from “an Overweight” to “a Neutral”. Keefe Bruyette also remained covering USB and has decreased its forecast on April 18, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. HSBC Securities revised its rating on March 28, 2024. It rated USB as “a Buy” which previously was an “a Hold”.
Price Performance Review of USB
On Friday, U.S. Bancorp. [NYSE:USB] saw its stock jump 1.64% to $44.70. Over the last five days, the stock has lost -1.72%. U.S. Bancorp. shares have risen nearly 3.28% since the year began. Nevertheless, the stocks have risen 43.09% over the past one year. While a 52-week high of $47.31 was reached on 09/03/24, a 52-week low of $30.47 was recorded on 06/11/24. SMA at 50 days reached $44.44, while 200 days put it at $42.38.
Levels Of Support And Resistance For USB Stock
The 24-hour chart illustrates a support level at 44.26, which if violated will result in even more drops to 43.83. On the upside, there is a resistance level at 45.04. A further resistance level may holdings at 45.39. The Relative Strength Index (RSI) on the 14-day chart is 48.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.38%. Stochastics %K at 21.89% indicates the stock is a holding.
How much short interest is there in U.S. Bancorp.?
A steep rise in short interest was recorded in U.S. Bancorp. stocks on 2024-09-13, growing by 1.3 million shares to a total of 17.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 16.5 million shares. There was a rise of 7.32%, which implies that there is a positive sentiment for the stock.
