Selling Buzz: U.S. Bancorp. [USB] Vice Chair Richard Jodi L sells 25,000 shares of the company

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. U.S. Bancorp. shares valued at $1,225,750 were sold by Richard Jodi L on Oct 18 ’24. At $49.03 per share, Richard Jodi L sold 25,000 shares. The insider’s holdings dropped to 129,790 shares worth approximately $6.3 million following the completion of this transaction.

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Also, Kotwal Shailesh M sold 35,000 shares, netting a total of over 1,741,040 in proceeds. Following the sale of shares at $49.74 each, the insider now holds 136,076 shares.

Before that, Richard Jodi L had added 25,000 shares to its account. In a trade valued at $1,225,762, the Officer bought U.S. Bancorp. shares for $49.03 each.

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 drop of approximately -1.38%. Over the course of the year, U.S. Bancorp. shares have jumped approximately 12.13%. Nevertheless, trading volume fell to 6.84 million shares from 6.85 million shares the previous day.