Truist Financial Corporation’s recently made public that 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 $28.63 million.
TD Cowen initiated its Truist Financial Corporation [TFC] rating to a Hold in a research note published on May 15, 2025; the price target was $44. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Mkt perform”. Robert W. Baird also remained covering TFC and has increased its forecast on March 05, 2025 with a “an Outperform” recommendation from previously “Neutral” rating. HSBC Securities revised its rating on January 07, 2025. It rated TFC as “a Buy” which previously was an “a Hold”.
Price Performance Review of TFC
On Friday, Truist Financial Corporation [NYSE:TFC] saw its stock jump 0.53% to $41.40. Over the last five days, the stock has gained 6.13%. Truist Financial Corporation shares have fallen nearly -4.56% since the year began. Nevertheless, the stocks have risen 5.10% over the past one year. While a 52-week high of $49.06 was reached on 01/21/25, a 52-week low of $33.56 was recorded on 04/07/25. SMA at 50 days reached $39.10, while 200 days put it at $43.08.
Levels Of Support And Resistance For TFC Stock
The 24-hour chart illustrates a support level at 41.02, which if violated will result in even more drops to 40.64. On the upside, there is a resistance level at 41.61. A further resistance level may holdings at 41.81. The Relative Strength Index (RSI) on the 14-day chart is 62.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.26%. Stochastics %K at 94.49% indicates the stock is a selling.
