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. Charles Schwab Corp shares valued at $699,406 were sold by SARIN ARUN on Jan 23 ’25. At $81.82 per share, SARIN ARUN sold 8,548 shares. The insider’s holdings dropped to 18,617 shares worth approximately $1.52 million following the completion of this transaction.
Also, Morgan Peter J. III sold 14,643 shares, netting a total of over 1,181,709 in proceeds. Following the sale of shares at $80.70 each, the insider now holds 0 shares.
Before that, SARIN ARUN had added 8,548 shares to its account. In a trade valued at $699,405, the Director bought Charles Schwab Corp shares for $81.82 each.
As published in a research note from Wells Fargo on January 22, 2025, Charles Schwab Corp [SCHW] has been rated up from an Equal weight to an Overweight and the price target has been revised to $93 from $89. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early December. As of September 12, 2024, Wells Fargo has initiated its “an Equal weight” rating for SCHW. Earlier on July 29, 2024, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for SCHW stock which previously was a “an Overweight”.
Analyzing SCHW Stock Performance
During the last five days, there has been a drop of approximately -0.23%. Over the course of the year, Charles Schwab Corp shares have jumped approximately 10.62%. Shares of the company reached a 52-week high of $83.84 on 01/30/25 and a 52-week low of $71.31 on 01/14/25. A 50-day SMA is recorded $78.54, while a 200-day SMA reached $72.19. Nevertheless, trading volume fell to 6.47 million shares from 5.23 million shares the previous day.
Support And Resistance Levels for Charles Schwab Corp (SCHW)
According to the 24-hour chart, there is a support level at 81.19, which, if violated, would cause prices to drop to 80.52. In the upper region, resistance lies at 82.39. The next price resistance is at 82.92. RSI (Relative Strength Index) is 62.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.97, which suggests the price will decrease in the coming days. Percent R is at 19.07%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
