U.S. Bancorp (USB) has been under a strong bear grip, hence the stock is down -2.37% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.95% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.49% in the last 1 week, and is up 1.9% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.16% and the 50-Day Moving Average is 1.78%.
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 $42.40 and $41.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.89, notching a gain of 1.55% for the day. The total traded volume was 9,964,732 . The stock had closed at $41.25 on the previous day.
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 -5.76% . Institutional Investors own 72.83% of U.S. Bancorp shares. During last six month period, the net percent change held by insiders has seen a change of -8.67%. In a related news, The Securities and Exchange Commission has divulged that Gifford Craig E, officer (EVP and Controller) of Us Bancorp De, had unloaded 400 shares at an average price of $41.73 in a transaction dated on May 18, 2016. The total value of the transaction was worth $16,692.
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.