Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. U.S. Bancorp. shares valued at $449,900 were purchased by Gillani Aleem on Jul 18 ’24. At $44.99 per share, Gillani Aleem acquired 10,000 shares. The insider’s holdings grew to 10,000 shares worth approximately $0.49 million following the completion of this transaction.
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Also, CHOSY JAMES L sold 21,582 shares, netting a total of over 895,070 in proceeds. Following the sale of shares at $41.47 each, the insider now holds 164,880 shares.
Before that, CECERE ANDREW had sold 93,366 shares from its account. In a trade valued at $3,860,871, the Chairman, President and CEO traded U.S. Bancorp. shares for $41.35 each. Upon closing the transaction, the insider’s holdings decreased to 93,366 shares, worth approximately $53.22 million.
As published in a research note from Morgan Stanley on September 30, 2024, U.S. Bancorp. [USB] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $57 from $54. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late June. As of April 18, 2024, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for USB. Earlier on March 28, 2024, HSBC Securities upgraded its rating. Their new recommendation was “a Buy” for USB stock which previously was a “a Hold”.
Analyzing USB Stock Performance
During the last five days, there has been a surge of approximately 9.11%. Over the course of the year, U.S. Bancorp. shares have jumped approximately 13.70%. Shares of the company reached a 52-week high of $50.11 on 10/16/24 and a 52-week low of $37.81 on 06/11/24. A 50-day SMA is recorded $44.82, while a 200-day SMA reached $42.48. Nevertheless, trading volume fell to 27.96 million shares from 8.6 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 48.59, which, if violated, would cause prices to drop to 47.98. In the upper region, resistance lies at 49.97. The next price resistance is at 50.73. RSI (Relative Strength Index) is 72.01 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.28, which suggests the price will increase in the coming days. Percent R is at 13.49%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
