Stock Alert: U.S. Bancorp Up Nearly 5%

U.S. Bancorp (USB) shares are up more than 7 percent on Wednesday morning trade as major averages are on a positive trend. There has been no company-specific news reported that influenced the stock to go higher.

Currently, the shares are at $37.58, up 4.72 percent from its previous close of $35.83. The shares have been trading much below its 200-day moving average for the last several weeks.

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