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 $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 $0.49 million following the completion of this transaction.
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 $30.39 million.
As published in a research note from HSBC Securities on January 07, 2025, Truist Financial Corporation [TFC] has been rated up from a Hold to a Buy and the price target has been revised to $50. Analysts at Wolfe Research upgraded the stock from ‘”an Underperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early August. As of July 24, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for TFC. Earlier on July 17, 2024, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for TFC stock which previously was a “an Outperform”.
Analyzing TFC Stock Performance
During the last five days, there has been a surge of approximately 1.31%. Over the course of the year, Truist Financial Corporation shares have jumped approximately 1.31%. Shares of the company reached a 52-week high of $45.05 on 01/06/25 and a 52-week low of $43.06 on 01/03/25. A 50-day SMA is recorded $45.23, while a 200-day SMA reached $41.55. Nevertheless, trading volume fell to 5.73 million shares from 7.07 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 43.51, which, if violated, would cause prices to drop to 43.08. In the upper region, resistance lies at 44.32. The next price resistance is at 44.69. RSI (Relative Strength Index) is 44.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.41, which suggests the price will decrease in the coming days. Percent R is at 47.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
