Truist Financial Corporation (NYSE: TFC) is 12.81% higher on its value in year-to-date trading and has touched a low of $26.57 and a high of $45.31 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TFC stock was last observed hovering at around $41.18 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $41.65, the stock is -2.19% and 5.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.6 million and changing 1.14% at the moment leaves the stock 14.17% off its SMA200. TFC registered 29.87% gain for a year compared to 6-month gain of 14.90%.
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The stock witnessed a 8.89% loss in the last 1 month and extending the period to 3 months gives it a 5.66%, and is -7.32% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.34% over the week and 2.65% over the month.
Truist Financial Corporation (TFC) has around 49037 employees, a market worth around $55.73B and $25.77B in sales. Fwd P/E is 10.28. Profit margin for the company is -8.45%. Distance from 52-week low is 56.79% and -8.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.21%).
with sales reaching $5.1B over the same period.The EPS is expected to grow by 399.98% this year, but quarterly earnings will post -14.60% year-over-year. Quarterly sales are estimated to shrink -10.90% in year-over-year returns.
Truist Financial Corporation (TFC) Top Institutional Holders
The shares outstanding are 1.34B, and float is at 1.33B with Short Float at 1.11%.
Truist Financial Corporation (TFC) Insider Activity
The most recent transaction is an insider sale by Powell Cynthia B,the company’sCorp. Controller, Exec VP. SEC filings show that Powell Cynthia B sold 6,688 shares of the company’s common stock on Jul 25 ’24 at a price of $44.14 per share for a total of $0.3 million. Following the sale, the insider now owns 0.0 shares.
Truist Financial Corporation disclosed in a document filed with the SEC on Jul 23 ’24 that ROGERS WILLIAM H JR (Chairman & CEO) bought a total of 57,300 shares of the company’s common stock. The trade occurred on Jul 23 ’24 and was made at $43.96 per share for $2.52 million. Following the transaction, the insider now directly holds 0.57 million shares of the TFC stock.
Still, SEC filings show that on Mar 07 ’24, Boyer K. David Jr. (Director) disposed off 3,764 shares at an average price of $37.48 for $0.14 million. The insider now directly holds 16,132 shares of Truist Financial Corporation (TFC).
