Sumitomo Mitsui Financial Group Inc ADR’s filing revealed that its Director SUMITOMO MITSUI FINANCIAL GROU acquired Company’s shares for reported $551.77 million on Sep 19 ’24. In the deal valued at $59.67 per share,9,247,081 shares were bought. As a result of this transaction, SUMITOMO MITSUI FINANCIAL GROU now holds 9,247,081 shares worth roughly $131.31 million.
Goldman downgraded its Sumitomo Mitsui Financial Group Inc ADR [SMFG] rating to a Neutral from a a Buy in a research note published recently. BofA Securities also remained covering SMFG and has increased its forecast on June 23, 2022 with a “Buy” recommendation from previously “Neutral” rating. BofA Securities revised its rating on April 11, 2022. It rated SMFG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SMFG
On Friday, Sumitomo Mitsui Financial Group Inc ADR [NYSE:SMFG] saw its stock jump 1.65% to $14.20. Over the last five days, the stock has gained 2.38%. Sumitomo Mitsui Financial Group Inc ADR shares have fallen nearly -2.00% since the year began. Nevertheless, the stocks have risen 23.05% over the past one year. While a 52-week high of $16.74 was reached on 03/21/25, a 52-week low of $10.74 was recorded on 04/07/25. SMA at 50 days reached $14.55, while 200 days put it at $13.99.
Levels Of Support And Resistance For SMFG Stock
The 24-hour chart illustrates a support level at 14.12, which if violated will result in even more drops to 14.04. On the upside, there is a resistance level at 14.28. A further resistance level may holdings at 14.36. The Relative Strength Index (RSI) on the 14-day chart is 52.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.19%. Stochastics %K at 74.78% indicates the stock is a holding.
