Sumitomo Mitsui Financial Group Inc ADR’s recent filing unveils that its Director SUMITOMO MITSUI FINANCIAL GROU acquired Company’s shares for reported $551.77 million on Sep 19 ’24. In the deal valued at $59.67 per share,9,247,081 shares were bought. As a result of this transaction, SUMITOMO MITSUI FINANCIAL GROU now holds 9,247,081 shares worth roughly $118.64 million.
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Goldman downgraded its Sumitomo Mitsui Financial Group Inc ADR [SMFG] rating to a Neutral from a a Buy in a research note published recently. BofA Securities also remained covering SMFG and has increased its forecast on June 23, 2022 with a “Buy” recommendation from previously “Neutral” rating. BofA Securities revised its rating on April 11, 2022. It rated SMFG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SMFG
On Tuesday, Sumitomo Mitsui Financial Group Inc ADR [NYSE:SMFG] saw its stock fall -2.43% to $12.83. Over the last five days, the stock has gained 1.66%. Sumitomo Mitsui Financial Group Inc ADR shares have risen nearly 32.54% since the year began. Nevertheless, the stocks have risen 32.68% over the past one year. While a 52-week high of $14.53 was reached on 07/31/24, a 52-week low of $9.03 was recorded on 01/03/24. SMA at 50 days reached $12.85, while 200 days put it at $12.06.
Levels Of Support And Resistance For SMFG Stock
The 24-hour chart illustrates a support level at 12.72, which if violated will result in even more drops to 12.62. On the upside, there is a resistance level at 13.01. A further resistance level may holdings at 13.20. The Relative Strength Index (RSI) on the 14-day chart is 50.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.68%. Stochastics %K at 83.68% indicates the stock is a selling.
How much short interest is there in Sumitomo Mitsui Financial Group Inc ADR?
A steep rise in short interest was recorded in Sumitomo Mitsui Financial Group Inc ADR stocks on 2024-09-30, dropping by -2.31 million shares to a total of 2.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.96 million shares. There was a decline of -87.11%, which implies that there is a negative sentiment for the stock.
