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An Analysis of Charles Schwab Corp (SCHW)’s Potential Price Growth

Charles Schwab Corp’s filing revealed that its Director Schwab-Pomerantz Carolyn unloaded Company’s shares for reported $0.72 million on Nov 15 ’24. In the deal valued at $80.03 per share,9,000 shares were sold. As a result of this transaction, Schwab-Pomerantz Carolyn now holds 547,729 shares worth roughly $43.92 million.

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Then, Beatty Jonathan S sold 2,700 shares, generating $220,546 in total proceeds. Upon selling the shares at $81.68, the MD, Head of Advisor Services now owns 18,069 shares.

Before that, DODDS CHRISTOPHER V bought 9,284 shares. Charles Schwab Corp shares valued at $755,980 were divested by the Director at a price of $81.43 per share.

Wells Fargo initiated its Charles Schwab Corp [SCHW] rating to an Equal weight in a research note published on September 12, 2024; the price target was $70. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late July from “an Overweight” to “a Neutral”. TD Cowen also remained covering SCHW and has decreased its forecast on July 17, 2024 with a “Hold” recommendation from previously “Buy” rating. Keefe Bruyette revised its rating on July 08, 2024. It rated SCHW as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of SCHW

On Tuesday, Charles Schwab Corp [NYSE:SCHW] saw its stock fall -1.47% to $80.19. Over the last five days, the stock has gained 2.56%. Charles Schwab Corp shares have risen nearly 16.56% since the year began. Nevertheless, the stocks have risen 41.23% over the past one year. While a 52-week high of $82.50 was reached on 11/14/24, a 52-week low of $55.42 was recorded on 01/17/24. SMA at 50 days reached $69.45, while 200 days put it at $69.50.

Levels Of Support And Resistance For SCHW Stock

The 24-hour chart illustrates a support level at 79.82, which if violated will result in even more drops to 79.44. On the upside, there is a resistance level at 80.65. A further resistance level may holdings at 81.10. The Relative Strength Index (RSI) on the 14-day chart is 72.58, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.77, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.92%. Stochastics %K at 85.58% indicates the stock is a selling.

How much short interest is there in Charles Schwab Corp?

A steep rise in short interest was recorded in Charles Schwab Corp stocks on 2024-10-31, dropping by -0.9 million shares to a total of 16.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 17.87 million shares. There was a decline of -5.33%, which implies that there is a negative sentiment for the stock.

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