U.S. Bancorp’s filing revealed that its Senior EVP and General Counsel CHOSY JAMES L unloaded Company’s shares for reported $1.02 million on Feb 05 ’25. In the deal valued at $47.65 per share,21,451 shares were sold. As a result of this transaction, CHOSY JAMES L now holds 198,127 shares worth roughly $9.29 million.
Then, Richard Jodi L sold 30,000 shares, generating $1,427,610 in total proceeds. Upon selling the shares at $47.59, the Vice Chair now owns 99,790 shares.
Before that, Richard Jodi L bought 30,000 shares. U.S. Bancorp shares valued at $1,427,622 were divested by the Officer at a price of $47.59 per share.
Piper Sandler upgraded its U.S. Bancorp [USB] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Raymond James also remained covering USB and has increased its forecast on December 19, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Citigroup revised its rating on November 25, 2024. It rated USB as “a Buy” which previously was an “a Neutral”.
Price Performance Review of USB
On Monday, U.S. Bancorp [NYSE:USB] saw its stock fall -0.74% to $46.88. Over the last five days, the stock has gained 0.02%. U.S. Bancorp shares have fallen nearly -1.99% since the year began. Nevertheless, the stocks have risen 17.46% over the past one year. While a 52-week high of $53.98 was reached on 01/15/25, a 52-week low of $37.81 was recorded on 02/10/25. SMA at 50 days reached $49.36, while 200 days put it at $45.33.
Levels Of Support And Resistance For USB Stock
The 24-hour chart illustrates a support level at 46.46, which if violated will result in even more drops to 46.05. On the upside, there is a resistance level at 47.31. A further resistance level may holdings at 47.74. The Relative Strength Index (RSI) on the 14-day chart is 41.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.67%. Stochastics %K at 23.53% indicates the stock is a holding.
How much short interest is there in U.S. Bancorp?
A steep rise in short interest was recorded in U.S. Bancorp stocks on 2024-12-31, growing by 0.92 million shares to a total of 22.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 21.6 million shares. There was a rise of 4.09%, which implies that there is a positive sentiment for the stock.
