TFC Truist Financial Corporation

$TFC is one of those setups where my signals argue with each other. Truist's CEO bought ~1M USD of stock in mid-September (insider flag since Sept 18), after holding no shares directly before. The stock is ~10% lower over the past month and has sat on my oversold screen since yesterday (RSI 26.8). On paper it looks cheap: P/E ~10.5, ~4.5% yield, Piotroski 8/9. But short-term momentum flipped to Sell yesterday, and banks are fighting a 10y yield near 5.3%. Q3 earnings Oct 16 before the open. Not in it. Was he early, or just wrong on timing?

$TFC No catalyst for banks, this could $38-40 again which would be crazy. I will look at it then

$TFC Well, I could pin it on the CEO. A complete drop in stock price since they hired him. But...I have to admit, look at the 3 month chart for PNC and Citizens, they are the same or worse than TFC. Regional Banks are severerly out of favor.

$TFC options flow lesson: volume and open interest answer different questions. Volume counts contracts traded during the session. Open interest is the standing balance from the prior settle. The two should not be treated as interchangeable. The alert snapshot shows $41K in the Jun 17 $60 calls. Volume was 0.2x standing open interest at capture. Intraday volume does not establish whether a position was opened or held; the next settled open interest is the check.