Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tempur Sealy International Inc. shares valued at $2,623,600 were sold by MONTGOMERY DAVID on Sep 07. At $26.24 per share, MONTGOMERY DAVID sold 100,000 shares. The insider’s holdings dropped to 847,667 shares worth approximately $21.31 million following the completion of this transaction.
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Also, Dilsaver Evelyn S sold 1,451 shares, netting a total of over 63,786 in proceeds. Following the sale of shares at $43.96 each, the insider now holds 127,564 shares.
As published in their initiating research note from Goldman on August 11, 2022, Tempur Sealy International Inc. [TPX] has been a Buy and the price target has been revised to $34. This represents a 26.06% premium over Thursday’s closing price. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of March 30, 2021, Jefferies has initiated its “Hold” rating for TPX. Earlier on March 10, 2021, Loop Capital downgraded its rating. Their new recommendation was “a Hold” for TPX stock which previously was a “a Buy”.
Analyzing TPX’s Price Performance
On Thursday, Tempur Sealy International Inc. [NYSE: TPX] plunged -5.45% to $25.14. The stock’s lowest price that day was $25.00, but it reached a high of $26.47 in the same session. During the last five days, there has been a drop of approximately -10.21%. Over the course of the year, Tempur Sealy International Inc. shares have dropped approximately -46.54%. Shares of the company reached a 52-week high of $48.97 on 01/05/22 and a 52-week low of $20.03 on 06/16/22. A 50-day SMA is recorded $26.61, while a 200-day SMA reached $31.11. Nevertheless, trading volume fell to 1.8 million shares from 1.71 million shares the previous day.
Support And Resistance Levels for Tempur Sealy International Inc. (TPX)
According to the 24-hour chart, there is a support level at 24.60, which, if violated, would cause prices to drop to 24.07. In the upper region, resistance lies at 26.07. The next price resistance is at 27.01. RSI (Relative Strength Index) is 40.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.71, which suggests the price will decrease in the coming days. Percent R is at 81.81%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Tempur Sealy International Inc. subject to short interest?
Stocks of Tempur Sealy International Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by 30000.0 shares to 13.58 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 13.61 million shares. A decline of -0.22% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.02 of the overall float, the days-to-cover ratio (short ratio) decline to 5.02.
Which companies own the most shares of Tempur Sealy International Inc. (TPX)?
According to Fidelity Management & Research Co filings, the company currently owns 20,690,640 shares, which is about 12.02% of the total TPX shares outstanding. The investor’s shares have appreciated by 2,323,238 from its previous 13-F filing of 18367402.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $394,765,793. BlackRock Fund Advisors reduced a -9.32% interest valued at $329.89 million while Boston Partners Global Investors, purchased a 669,417 stake. A total of 235,121 shares of Tempur Sealy International Inc. were bought by Browning West LP during the quarter, and 6,253,975 were bought by Select Equity Group LP. In its current portfolio, Dynamo Internacional Gestão de Re holds 5,129,505 shares valued at $128.29 million.
In terms of Tempur Sealy International Inc. share price expectations, FactSet research, analysts set an average price target of $30.60 in the next 12 months, up nearly 18.47% from the previous closing price of $26.59. Analysts anticipate Tempur Sealy International Inc. stock to reach $35.00 by 2022, with the lowest price target being $22.00. In spite of this, 12 analysts ranked Tempur Sealy International Inc. stock as an Overweight at the end of 2022. On February 18, 2021, UBS assigned a price target of “a Buy” to the stock and upgraded coverage with a $40.