In a filing, Charles Schwab Corp revealed its Director Schwab-Pomerantz Carolyn unloaded Company’s shares for reported $1.78 million on Jan 02 ’25. In the deal valued at $74.14 per share,24,000 shares were sold. As a result of this transaction, Schwab-Pomerantz Carolyn now holds 534,529 shares worth roughly $38.63 million.
Then, Schwab-Pomerantz Carolyn bought 72,000 shares, generating $5,318,640 in total proceeds.
Before that, Schwab-Pomerantz Carolyn sold 9,000 shares. Charles Schwab Corp shares valued at $713,535 were divested by the Director at a price of $79.28 per share. As a result of the transaction, Schwab-Pomerantz Carolyn now holds 544,129 shares, worth roughly $39.32 million.
Barclays upgraded its Charles Schwab Corp [SCHW] rating to an Overweight from a an Equal weight in a research note published on December 09, 2024; the price target was increased to $95 from $74. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid September with a ‘”an Equal weight”‘ rating. Piper Sandler also remained covering SCHW and has decreased its forecast on July 29, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. TD Cowen revised its rating on July 17, 2024. It rated SCHW as “a Hold” which previously was an “a Buy”.
Price Performance Review of SCHW
On Tuesday, Charles Schwab Corp [NYSE:SCHW] saw its stock fall -2.98% to $72.26. Over the last five days, the stock has lost -2.26%. Charles Schwab Corp shares have fallen nearly -2.36% since the year began. Nevertheless, the stocks have risen 7.48% over the past one year. While a 52-week high of $83.35 was reached on 01/06/25, a 52-week low of $59.67 was recorded on 01/07/25. SMA at 50 days reached $77.14, while 200 days put it at $71.50.
Levels Of Support And Resistance For SCHW Stock
The 24-hour chart illustrates a support level at 70.80, which if violated will result in even more drops to 69.33. On the upside, there is a resistance level at 74.38. A further resistance level may holdings at 76.49. The Relative Strength Index (RSI) on the 14-day chart is 30.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.27%. Stochastics %K at 14.18% indicates the stock is a buying.
How much short interest is there in Charles Schwab Corp?
A steep rise in short interest was recorded in Charles Schwab Corp stocks on 2024-12-13, dropping by -1.54 million shares to a total of 15.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 16.89 million shares. There was a decline of -10.06%, which implies that there is a negative sentiment for the stock.
