Investing in Travel + Leisure Co. (TNL) Is Getting More Attractive


Travel + Leisure Co.’s recently made public that its SVP, Chief Accounting Officer Duncan Thomas Michael unloaded Company’s shares for reported $0.12 million on Jun 06. In the deal valued at $40.92 per share,3,000 shares were sold. As a result of this transaction, Duncan Thomas Michael now holds 17,271 shares worth roughly $ 0.68 million.

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Then, CHAVY OLIVIER sold 7,900 shares, generating $300,358 in total proceeds. Upon selling the shares at $38.02, the insider now owns 4,511 shares.

Before that, CHAVY OLIVIER sold 2,650 shares. Travel + Leisure Co. shares valued at $99,402 were divested by the insider at a price of $37.51 per share. As a result of the transaction, CHAVY OLIVIER now holds 12,411 shares, worth roughly $0.49 million.

Tigress Financial initiated its Travel + Leisure Co. [TNL] rating to a Buy in a research note published on Tuesday, August 24, 2023; the price target was $52. PT values the company’s stock at a premium of 24.38 to its Tuesday closing price.

Price Performance Review of TNL

On Tuesday, Travel + Leisure Co. [NYSE:TNL] saw its stock fall -5.14% to $39.32. On the same session, the stock had its day’s lowest price of $39.09, but rose to a high of $41.17. Over the last five days, the stock has lost -2.46%. Travel + Leisure Co. shares have risen nearly 8.02% since the year began. Nevertheless, the stocks have fallen -5.14% over the past one year. While a 52-week high of $44.99 was reached on 02/02/23, a 52-week low of $33.57 was recorded on 05/04/23. SMA at 50 days reached $40.74, while 200 days put it at $39.43. A total of 0.65 million shares were traded, compared to the trading of 0.42 million shares in the previous session.

Levels Of Support And Resistance For TNL Stock

The 24-hour chart illustrates a support level at 38.55, which if violated will result in even more drops to 37.78. On the upside, there is a resistance level at 40.63. A further resistance level may holdings at 41.94. The Relative Strength Index (RSI) on the 14-day chart is 43.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.33%. Stochastics %K at 67.66% indicates the stock is a holding.

How much short interest is there in Travel + Leisure Co.?

A steep rise in short interest was recorded in Travel + Leisure Co. stocks on Aug 14, 2023, dropping by -0.78 million shares to a total of 2.09 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.87 million shares. There was a decline of -37.32%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.09% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.61.

Travel + Leisure Co. [TNL] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 9,776,608 shares, or roughly 13.23% of the outstanding TNL shares. In other words, the investor’s shares have fallen by -240,817 from its previous 13-F filing of 10017425.0. Additionally, BlackRock Fund Advisors decreased -9.61% of its stake after which the total value it holdings stand at $299,221,642, while GMT Capital Corp. added 1.46% of its stake to hold $178.03 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -114,970 shares of Travel + Leisure Co., while Invesco Advisers, Inc. sold -123,904 shares. At present, Minot Capital LP is holding 1,708,105 shares valued at $69.57 million. Copeland Capital Management LLC owned 1,534,500 shares of the company at the time of its most recent 13F filing, worth $62.5 million.

According to FactSet, Travel + Leisure Co.’s share price will average $51.88 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.63 percent from its previous closing price of $41.45. Analysts expect Travel + Leisure Co. stock to reach the higher price of $66.00, while the lowest price estimate is $42.00. However, 8 analysts have rated TNL stock as an Overweight in their predictions for 2023.


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