In a filing, U.S. Bancorp revealed 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 $6.57 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 Monday, U.S. Bancorp [NYSE:USB] saw its stock jump 1.42% to $50.61. Over the last five days, the stock has lost -0.84%. U.S. Bancorp shares have risen nearly 16.94% since the year began. Nevertheless, the stocks have risen 35.61% over the past one year. While a 52-week high of $51.76 was reached on 11/06/24, a 52-week low of $36.49 was recorded on 06/11/24. SMA at 50 days reached $47.10, while 200 days put it at $43.26.
Levels Of Support And Resistance For USB Stock
The 24-hour chart illustrates a support level at 50.03, which if violated will result in even more drops to 49.46. On the upside, there is a resistance level at 50.99. A further resistance level may holdings at 51.37. The Relative Strength Index (RSI) on the 14-day chart is 59.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.89%. Stochastics %K at 67.82% 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 2024-10-31, dropping by -1.06 million shares to a total of 18.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 19.45 million shares. There was a decline of -5.76%, which implies that there is a negative sentiment for the stock.
