Stocks of Truist Financial Corporation (NYSE:TFC) traded higher last session on Wall Street, down -1.21% to $41.56.
TFC stock price is now 4.94% away from the 50-day moving average and 13.29% away from the 200-day moving average. The market capitalization of the company currently stands at $55.65B.
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On July 24, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $45 to quote $47, while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, Powell Cynthia B, Corp. Controller, Exec VP sold 6,688 shares of the company’s stock on Jul 25 ’24. The stock was sold for $295,208 at an average price of $44.14. Upon completion of the transaction, the Corp. Controller, Exec VP now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 23 ’24, Chairman & CEO ROGERS WILLIAM H JR bought 57,300 shares of the business’s stock. A total of $2,518,908 was incurred on buying the stock at an average price of $43.96. This leaves the insider owning 569,271 shares of the company worth $23.66 million. A total of 0.32% of the company’s stock is owned by insiders.
During the past 12 months, Truist Financial Corporation has had a low of $26.57 and a high of $45.31. The fifty day moving average price for TFC is $39.6844 and a two-hundred day moving average price translates $36.75675 for the stock.
The latest earnings results from Truist Financial Corporation (NYSE: TFC) was released for 2024-06-30. The net profit margin was -8.45% and return on equity was -10.53% for TFC. The company reported revenue of $6.35 billion for the quarter, compared to $6.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.85 percent.
