Truist Financial Corporation’s filing revealed that its Chairman & CEO ROGERS WILLIAM H JR acquired Company’s shares for reported $1.66 million on Nov 25 ’24. In the deal valued at $48.56 per share,34,180 shares were bought. As a result of this transaction, ROGERS WILLIAM H JR now holds 691,451 shares worth roughly $32.48 million.
Then, Weaver David Hudson bought 5,000 shares, generating $209,614 in total proceeds.
Before that, Powell Cynthia B sold 6,688 shares. Truist Financial Corporation shares valued at $295,208 were divested by the Corp. Controller, Exec VP at a price of $44.14 per share. As a result of the transaction, Powell Cynthia B now holds 0 shares, worth roughly $0.0.
Wolfe Research upgraded its Truist Financial Corporation [TFC] rating to a Peer perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Neutral”. Robert W. Baird also remained covering TFC and has decreased its forecast on July 17, 2024 with a “Neutral” recommendation from previously “an Outperform” rating.
Price Performance Review of TFC
On Monday, Truist Financial Corporation [NYSE:TFC] saw its stock fall -1.47% to $46.98. Over the last five days, the stock has lost -2.04%. Truist Financial Corporation shares have risen nearly 27.25% since the year began. Nevertheless, the stocks have risen 46.17% over the past one year. While a 52-week high of $49.06 was reached on 11/25/24, a 52-week low of $31.96 was recorded on 02/13/24. SMA at 50 days reached $44.21, while 200 days put it at $40.47.
Levels Of Support And Resistance For TFC Stock
The 24-hour chart illustrates a support level at 46.55, which if violated will result in even more drops to 46.12. On the upside, there is a resistance level at 47.69. A further resistance level may holdings at 48.40. The Relative Strength Index (RSI) on the 14-day chart is 57.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.48%. Stochastics %K at 52.43% indicates the stock is a holding.
How much short interest is there in Truist Financial Corporation?
A steep rise in short interest was recorded in Truist Financial Corporation stocks on 2024-11-15, dropping by -1.76 million shares to a total of 12.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 14.54 million shares. There was a decline of -13.77%, which implies that there is a negative sentiment for the stock.
