U.S. Bancorp (NYSE:USB) has tumbled 2.03% during the past week and has dropped 1.51% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.85%. U.S. Bancorp (NYSE:USB) has underperformed the index by 2.41% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
U.S. Bancorp (NYSE:USB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.06 and $40.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.11, notching a gain of 0.12% for the day. The total traded volume was 8,413,002 . The stock had closed at $41.06 on the previous day.
The company shares have dropped -7.91% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $46.26 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $42.09 and the 200 Day Moving Average price is recorded at $41.23.
On the companys insider trading activities,The officer (EVP and Controller) of Us Bancorp De, Gifford Craig E sold 400 shares at $41.73 on May 18, 2016. The Insider selling transaction had a total value worth of $16,692. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Deutsche Bank, downgrades their rating on the shares of U.S. Bancorp (NYSE:USB). Deutsche Bank has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 26, 2016. Currently the company Insiders own 0.68% of U.S. Bancorp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.81% . Institutional Investors own 72.81% of U.S. Bancorp shares. During last six month period, the net percent change held by insiders has seen a change of -8.67%.
U.S. Bancorp is a multi-state financial services holding company. The Company operates through its banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. The Company provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machines (ATM) processing, mortgage banking, insurance, brokerage and leasing. U.S. Bank National Association provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its commercial and consumer lending services are offered to customers within the Companys domestic markets, to domestic customers with foreign operations and to large national customers operating in specific industries targeted by the Company.