In a filing, Truist Financial Corporation revealed 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 $0.47 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 $29.17 million.
Robert W. Baird upgraded its Truist Financial Corporation [TFC] rating to an Outperform from a a Neutral in a research note published on March 05, 2025; the price target was increased to $52 from $48. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Wolfe Research also remained covering TFC and has increased its forecast on August 09, 2024 with a “Peer perform” recommendation from previously “an Underperform” rating. Citigroup revised its rating on July 24, 2024. It rated TFC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TFC
On Friday, Truist Financial Corporation [NYSE:TFC] saw its stock fall -0.12% to $42.19. Over the last five days, the stock has lost -8.98%. Truist Financial Corporation shares have fallen nearly -2.74% since the year began. Nevertheless, the stocks have risen 13.81% over the past one year. While a 52-week high of $49.06 was reached on 01/21/25, a 52-week low of $34.51 was recorded on 03/07/25. SMA at 50 days reached $45.60, while 200 days put it at $43.09.
Levels Of Support And Resistance For TFC Stock
The 24-hour chart illustrates a support level at 41.31, which if violated will result in even more drops to 40.42. On the upside, there is a resistance level at 42.72. A further resistance level may holdings at 43.24. The Relative Strength Index (RSI) on the 14-day chart is 28.96, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.82%. Stochastics %K at 11.98% indicates the stock is a buying.
