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 $6.34 million.
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.
DA Davidson upgraded its U.S. Bancorp [USB] rating to a Buy from a a Neutral in a research note published on January 02, 2025; the price target was increased to $60 from $58. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid December from “a Mkt perform” to “an Outperform”. Citigroup also remained covering USB and has increased its forecast on November 25, 2024 with a “Buy” recommendation from previously “Neutral” rating. Deutsche Bank revised its rating on October 24, 2024. It rated USB as “a Hold” which previously was an “a Buy”.
Price Performance Review of USB
On Friday, U.S. Bancorp [NYSE:USB] saw its stock jump 2.09% to $48.86. Over the last five days, the stock has lost -0.31%. U.S. Bancorp shares have risen nearly 2.15% since the year began. Nevertheless, the stocks have risen 14.29% over the past one year. While a 52-week high of $53.98 was reached on 01/03/25, a 52-week low of $37.81 was recorded on 01/02/25. SMA at 50 days reached $50.09, while 200 days put it at $44.64.
Levels Of Support And Resistance For USB Stock
The 24-hour chart illustrates a support level at 48.16, which if violated will result in even more drops to 47.47. On the upside, there is a resistance level at 49.22. A further resistance level may holdings at 49.59. The Relative Strength Index (RSI) on the 14-day chart is 45.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.90%. Stochastics %K at 22.54% 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 2024-12-13, growing by 1.24 million shares to a total of 22.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 21.69 million shares. There was a rise of 5.39%, which implies that there is a positive sentiment for the stock.
