Charles Schwab Corp’s filing revealed that its Director SARIN ARUN unloaded Company’s shares for reported $0.7 million on Jan 23 ’25. In the deal valued at $81.82 per share,8,548 shares were sold. As a result of this transaction, SARIN ARUN now holds 18,617 shares worth roughly $1.52 million.
Then, Morgan Peter J. III sold 14,643 shares, generating $1,181,709 in total proceeds. Upon selling the shares at $80.70, the General Counsel now owns 0 shares.
Before that, SARIN ARUN bought 8,548 shares. Charles Schwab Corp shares valued at $699,405 were divested by the Director at a price of $81.82 per share.
Wells Fargo upgraded its Charles Schwab Corp [SCHW] rating to an Overweight from a an Equal weight in a research note published on January 22, 2025; the price target was increased to $93 from $89. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early December from “an Equal weight” to “an Overweight”. Wells Fargo began covering SCHW with “an Equal weight” recommendation on September 12, 2024. Piper Sandler revised its rating on July 29, 2024. It rated SCHW as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of SCHW
On Tuesday, Charles Schwab Corp [NYSE:SCHW] saw its stock fall -1.01% to $81.70. Over the last five days, the stock has gained 0.95%. Charles Schwab Corp shares have risen nearly 10.39% since the year began. Nevertheless, the stocks have risen 28.24% over the past one year. While a 52-week high of $83.35 was reached on 01/28/25, a 52-week low of $61.01 was recorded on 01/14/25. SMA at 50 days reached $78.27, while 200 days put it at $71.87.
Levels Of Support And Resistance For SCHW Stock
The 24-hour chart illustrates a support level at 81.19, which if violated will result in even more drops to 80.69. On the upside, there is a resistance level at 82.60. A further resistance level may holdings at 83.51. The Relative Strength Index (RSI) on the 14-day chart is 66.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.12%. Stochastics %K at 93.81% indicates the stock is a selling.
How much short interest is there in Charles Schwab Corp?
A steep rise in short interest was recorded in Charles Schwab Corp stocks on 2024-12-31, dropping by -3.91 million shares to a total of 13.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 17.41 million shares. There was a decline of -28.92%, which implies that there is a negative sentiment for the stock.
