Truist Financial Corporation’s recent filing unveils that its Director Boyer K. David Jr. unloaded Company’s shares for reported $0.23 million on Dec 04 ’24. In the deal valued at $46.20 per share,4,966 shares were sold. As a result of this transaction, Boyer K. David Jr. now holds 11,246 shares worth roughly $0.48 million.
Then, Boyer K. David Jr. bought 4,966 shares, generating $229,442 in total proceeds.
Before that, ROGERS WILLIAM H JR bought 34,180 shares. Truist Financial Corporation shares valued at $1,659,781 were divested by the Chairman & CEO at a price of $48.56 per share. As a result of the transaction, ROGERS WILLIAM H JR now holds 691,451 shares, worth roughly $29.82 million.
HSBC Securities upgraded its Truist Financial Corporation [TFC] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early August from “an Underperform” to “a Peer perform”. Citigroup also remained covering TFC and has decreased its forecast on July 24, 2024 with a “Neutral” recommendation from previously “Buy” rating. Robert W. Baird revised its rating on July 17, 2024. It rated TFC as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of TFC
On Monday, Truist Financial Corporation [NYSE:TFC] saw its stock jump 0.79% to $43.12. Over the last five days, the stock has lost -2.22%. Truist Financial Corporation shares have fallen nearly -0.60% since the year began. Nevertheless, the stocks have risen 14.29% over the past one year. While a 52-week high of $49.06 was reached on 01/06/25, a 52-week low of $34.23 was recorded on 01/10/25. SMA at 50 days reached $45.22, while 200 days put it at $41.61.
Levels Of Support And Resistance For TFC Stock
The 24-hour chart illustrates a support level at 42.78, which if violated will result in even more drops to 42.43. On the upside, there is a resistance level at 43.32. A further resistance level may holdings at 43.51. The Relative Strength Index (RSI) on the 14-day chart is 39.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.68%. Stochastics %K at 33.74% 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 2024-12-13, growing by 7.51 million shares to a total of 20.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 12.78 million shares. There was a rise of 37.01%, which implies that there is a positive sentiment for the stock.
