Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Truist Financial Corporation shares valued at $229,444 were sold by Boyer K. David Jr. on Dec 04 ’24. At $46.20 per share, Boyer K. David Jr. sold 4,966 shares. The insider’s holdings dropped to 11,246 shares worth approximately $0.51 million following the completion of this transaction.
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Also, Boyer K. David Jr. purchased 4,966 shares, netting a total of over 229,442 in proceeds.
Before that, ROGERS WILLIAM H JR had added 34,180 shares to its account. In a trade valued at $1,659,781, the Chairman & CEO bought Truist Financial Corporation shares for $48.56 each. Upon closing the transaction, the insider’s holdings increased to 34,180 shares, worth approximately $31.61 million.
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 drop of approximately -3.07%. Over the course of the year, Truist Financial Corporation shares have jumped approximately 23.84%. 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 $44.91, while a 200-day SMA reached $40.92. Nevertheless, trading volume fell to 8.25 million shares from 10.15 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 45.26, which, if violated, would cause prices to drop to 44.79. In the upper region, resistance lies at 46.02. The next price resistance is at 46.31. RSI (Relative Strength Index) is 46.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.05, which suggests the price will decrease in the coming days. Percent R is at 84.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
