A company insider recently sold 7,150 shares of Tractor Supply Company [TSCO]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Tractor Supply Company shares valued at $1,484,483 were sold by JAMISON CYNTHIA T on May 18. At $207.62 per share, JAMISON CYNTHIA T sold 7,150 shares. The insider’s holdings dropped to 17,130 shares worth approximately $3.23 million following the completion of this transaction.

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Also, JAMISON CYNTHIA T sold 5,200 shares, netting a total of over 1,014,522 in proceeds. Following the sale of shares at $195.10 each, the insider now holds 24,280 shares.

Before that, Lawton III Harry A had sold 20,049 shares from its account. In a trade valued at $4,457,955, the President & CEO traded Tractor Supply Company shares for $222.35 each. Upon closing the transaction, the insider’s holdings decreased to 20,049 shares, worth approximately $14.12 million.

As published in their initiating research note from MKM Partners on July 28, 2022, Tractor Supply Company [TSCO] has been a Buy and the price target has been revised to $230. This represents a 18.08% premium over Thursday’s closing price. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid June. As of March 18, 2022, Oppenheimer has increased its “Perform” rating to a “an Outperform” for TSCO. Earlier on January 28, 2022, Citigroup upgraded its rating. Their new recommendation was “a Buy” for TSCO stock which previously was a “a Neutral”.

Analyzing TSCO’s Price Performance

On Thursday, Tractor Supply Company [NASDAQ: TSCO] plunged -0.82% to $188.41. The stock’s lowest price that day was $186.32, but it reached a high of $189.41 in the same session. During the last five days, there has been a surge of approximately 0.24%. Over the course of the year, Tractor Supply Company shares have dropped approximately -21.04%. Shares of the company reached a 52-week high of $241.54 on 03/31/22 and a 52-week low of $166.49 on 05/25/22. A 50-day SMA is recorded $194.71, while a 200-day SMA reached $209.07. Nevertheless, trading volume fell to 1.46 million shares from 1.3 million shares the previous day.

Support And Resistance Levels for Tractor Supply Company (TSCO)

According to the 24-hour chart, there is a support level at 186.68, which, if violated, would cause prices to drop to 184.96. In the upper region, resistance lies at 189.77. The next price resistance is at 191.14. RSI (Relative Strength Index) is 43.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.10, which suggests the price will decrease in the coming days. Percent R is at 84.48%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Tractor Supply Company subject to short interest?

Stocks of Tractor Supply Company saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.37 million shares to 3.06 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.69 million shares. A jump of 12.09% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.87 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.87.

Which companies own the most shares of Tractor Supply Company (TSCO)?

According to The Vanguard Group, Inc. filings, the company currently owns 12,402,384 shares, which is about 11.17% of the total TSCO shares outstanding. The investor’s shares have appreciated by 28,957 from its previous 13-F filing of 12373427.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $1,168,789,925. SSgA Funds Management, Inc. reduced a -4.68% interest valued at $857.24 million while Manulife Investment Management Lt purchased a 4,567,984 stake. A total of -393,807 shares of Tractor Supply Company were bought by ClearBridge Investments LLC during the quarter, and -4,077 were sold by Geode Capital Management LLC. In its current portfolio, Select Equity Group LP holds 2,262,752 shares valued at $418.95 million.

In terms of Tractor Supply Company share price expectations, FactSet research, analysts set an average price target of $234.93 in the next 12 months, up nearly 22.13% from the previous closing price of $189.96. Analysts anticipate Tractor Supply Company stock to reach $270.00 by 2022, with the lowest price target being $200.00. In spite of this, 32 analysts ranked Tractor Supply Company stock as an Overweight at the end of 2022. On January 13, 2022, Truist assigned a price target of “a Buy” to the stock and initiated coverage with a $270.


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