Charles Schwab (SCHW) Soars 7.73% in Nine Days, Hits 2022 High

Charles Schwab Corporation (SCHW) shares rose 0.61% today, marking the ninth consecutive day of gains, with a 7.73% increase over the past nine days. The stock price reached its highest level since March 2022, despite an intraday decline.

The strategy of buying SCHW shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 5-year CAGR of 6.47%. While the strategy captured some upside during strong market performance, as indicated by the 2025 peak at $51.96, it also suffered losses during market downturns, such as the 2023 low at $42.61. The strategy's beta of 1.14 suggests it exhibited slightly more volatility than the broader market, which may be acceptable depending on the investor's risk tolerance and investment goals.

Recent options activity for Charles Schwab has shown significant trading volume, which could influence investor sentiment and stock price volatility. The current RSI values suggest that the stock may be overbought, potentially leading to increased volatility in the near term.

Insiders at Charles Schwab have sold a substantial amount of stock, totaling 729,000 shares valued at $59 million over the past year. This insider selling activity may indicate concerns from within the company about future stock performance or valuation, which could impact investor confidence and stock price movements.

The latest news reports suggest a steady climb in yields, which could have implications for Charles Schwab's financial performance and investor outlook. Additionally, Deutsche Bank has adjusted its price target for Charles Schwab to $100, reflecting expectations for future stock price movements and potential growth opportunities for the company.