Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $28.74 million.
As published in a research note from Raymond James on April 02, 2025, Truist Financial Corporation [TFC] has been rated down from an Outperform to a Mkt perform. Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early March. As of January 07, 2025, HSBC Securities has increased its “Hold” rating to a “Buy” for TFC. Earlier on August 09, 2024, Wolfe Research upgraded its rating. Their new recommendation was “a Peer perform” for TFC stock which previously was a “an Underperform”.
Analyzing TFC Stock Performance
During the last five days, there has been a drop of approximately -1.00%. Over the course of the year, Truist Financial Corporation shares have dropped approximately -4.20%. 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 $44.41, while a 200-day SMA reached $43.42.
Support And Resistance Levels for Truist Financial Corporation (TFC)
According to the 24-hour chart, there is a support level at 40.70, which, if violated, would cause prices to drop to 39.84. In the upper region, resistance lies at 42.02. The next price resistance is at 42.49. RSI (Relative Strength Index) is 44.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 38.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
