Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Truist Financial Corporation shares valued at $229,444 were sold by Boyer K. David Jr. on Dec 04 ’24. At $46.20 per share, Boyer K. David Jr. sold 4,966 shares. The insider’s holdings dropped to 11,246 shares worth approximately $0.47 million following the completion of this transaction.
Also, Boyer K. David Jr. purchased 4,966 shares, netting a total of over 229,442 in proceeds.
Before that, ROGERS WILLIAM H JR had added 34,180 shares to its account. In a trade valued at $1,659,781, the Chairman & CEO bought Truist Financial Corporation shares for $48.56 each. Upon closing the transaction, the insider’s holdings increased to 34,180 shares, worth approximately $29.03 million.
As published in a research note from Robert W. Baird on March 05, 2025, Truist Financial Corporation [TFC] has been rated up from a Neutral to an Outperform and the price target has been revised to $52 from $48. Analysts at HSBC Securities upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of August 09, 2024, Wolfe Research has increased its “an Underperform” rating to a “Peer perform” for TFC. Earlier on July 24, 2024, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for TFC stock which previously was a “a Buy”.
Analyzing TFC Stock Performance
During the last five days, there has been a surge of approximately 1.72%. Over the course of the year, Truist Financial Corporation shares have dropped approximately -3.23%. Shares of the company reached a 52-week high of $48.53 on 01/21/25 and a 52-week low of $39.41 on 03/13/25. A 50-day SMA is recorded $44.89, while a 200-day SMA reached $43.30.
Support And Resistance Levels for Truist Financial Corporation (TFC)
According to the 24-hour chart, there is a support level at 41.58, which, if violated, would cause prices to drop to 41.18. In the upper region, resistance lies at 42.56. The next price resistance is at 43.13. RSI (Relative Strength Index) is 43.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.02, which suggests the price will increase in the coming days. Percent R is at 22.59%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
