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. Truist Financial Corporation shares valued at $1,659,781 were purchased by ROGERS WILLIAM H JR on Nov 25 ’24. At $48.56 per share, ROGERS WILLIAM H JR acquired 34,180 shares. The insider’s holdings grew to 691,451 shares worth approximately $33.02 million following the completion of this transaction.
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Also, Weaver David Hudson purchased 5,000 shares, netting a total of over 209,614 in proceeds.
Before that, Powell Cynthia B had sold 6,688 shares from its account. In a trade valued at $295,208, the Corp. Controller, Exec VP traded Truist Financial Corporation shares for $44.14 each. Upon closing the transaction, the insider’s holdings decreased to 6,688 shares, worth approximately $0.0.
As published in a research note from Wolfe Research on August 09, 2024, Truist Financial Corporation [TFC] has been rated up from an Underperform to a Peer perform. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of July 17, 2024, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for TFC.
Analyzing TFC Stock Performance
During the last five days, there has been a surge of approximately 3.40%. Over the course of the year, Truist Financial Corporation shares have jumped approximately 29.33%. Shares of the company reached a 52-week high of $49.06 on 11/25/24 and a 52-week low of $34.23 on 02/13/24. A 50-day SMA is recorded $44.03, while a 200-day SMA reached $40.35. Nevertheless, trading volume fell to 6.61 million shares from 9.81 million shares the previous day.
Support And Resistance Levels for Truist Financial Corporation (TFC)
According to the 24-hour chart, there is a support level at 47.55, which, if violated, would cause prices to drop to 47.34. In the upper region, resistance lies at 48.13. The next price resistance is at 48.51. RSI (Relative Strength Index) is 64.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.02, which suggests the price will increase in the coming days. Percent R is at 33.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
