Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $6.32 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 Deutsche Bank on October 24, 2024, U.S. Bancorp. [USB] has been rated down from a Buy to a Hold and the price target has been revised to $51. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in late September. As of June 27, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for USB. Earlier on April 18, 2024, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for USB stock which previously was a “an Outperform”.
Analyzing USB Stock Performance
During the last five days, there has been a surge of approximately 0.31%. Over the course of the year, U.S. Bancorp. shares have jumped approximately 12.48%. Shares of the company reached a 52-week high of $50.47 on 10/17/24 and a 52-week low of $37.81 on 06/11/24. A 50-day SMA is recorded $46.03, while a 200-day SMA reached $42.75. Nevertheless, trading volume fell to 8.43 million shares from 7.5 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 48.15, which, if violated, would cause prices to drop to 47.61. In the upper region, resistance lies at 49.29. The next price resistance is at 49.90. RSI (Relative Strength Index) is 60.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.29, which suggests the price will decrease in the coming days. Percent R is at 34.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
