U.S. Bancorp’s filing revealed that its Vice Chair Richard Jodi L unloaded Company’s shares for reported $1.23 million on Oct 18 ’24. In the deal valued at $49.03 per share,25,000 shares were sold. As a result of this transaction, Richard Jodi L now holds 129,790 shares worth roughly $6.21 million.
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Then, Kotwal Shailesh M sold 35,000 shares, generating $1,741,040 in total proceeds. Upon selling the shares at $49.74, the Vice Chair now owns 136,076 shares.
Before that, Richard Jodi L bought 25,000 shares. U.S. Bancorp shares valued at $1,225,762 were divested by the Officer at a price of $49.03 per share.
Deutsche Bank downgraded its U.S. Bancorp [USB] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late September from “an Equal-weight” to “an Overweight”. JP Morgan also remained covering USB and has decreased its forecast on June 27, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Keefe Bruyette revised its rating on April 18, 2024. It rated USB as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of USB
On Friday, U.S. Bancorp [NYSE:USB] saw its stock fall -0.97% to $47.84. Over the last five days, the stock has gained 0.21%. U.S. Bancorp shares have risen nearly 10.54% since the year began. Nevertheless, the stocks have risen 50.16% over the past one year. While a 52-week high of $50.47 was reached on 10/17/24, a 52-week low of $31.41 was recorded on 06/11/24. SMA at 50 days reached $46.19, while 200 days put it at $42.83.
Levels Of Support And Resistance For USB Stock
The 24-hour chart illustrates a support level at 47.45, which if violated will result in even more drops to 47.06. On the upside, there is a resistance level at 48.60. A further resistance level may holdings at 49.35. The Relative Strength Index (RSI) on the 14-day chart is 54.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.50%. Stochastics %K at 47.10% 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 2024-10-15, growing by 0.5 million shares to a total of 18.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 17.81 million shares. There was a rise of 2.71%, which implies that there is a positive sentiment for the stock.
