Monitoring Tempur Sealy International Inc (TPX) after recent insider movements

Tempur Sealy International Inc’s recent filing unveils that its Director Dilsaver Evelyn S unloaded Company’s shares for reported $0.23 million on Aug 25. In the deal valued at $43.75 per share,5,304 shares were sold. As a result of this transaction, Dilsaver Evelyn S now holds 143,938 shares worth roughly $7.28 million.

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Then, Wijnand Hansbart sold 28,834 shares, generating $1,225,658 in total proceeds. Upon selling the shares at $42.51, the EVP, INTERNATIONAL now owns 15,714 shares.

Before that, MONTGOMERY DAVID sold 100,000 shares. Tempur Sealy International Inc shares valued at $4,561,452 were divested by the EVP Global Business Strategy at a price of $45.61 per share. As a result of the transaction, MONTGOMERY DAVID now holds 924,233 shares, worth roughly $46.77 million.

Piper Sandler upgraded its Tempur Sealy International Inc [TPX] rating to an Overweight from a a Neutral in a research note published on January 18, 2024; the price target was increased to $61 from $41.

Price Performance Review of TPX

On Friday, Tempur Sealy International Inc [NYSE:TPX] saw its stock fall -2.47% to $50.60. Over the last five days, the stock has gained 0.62%. Tempur Sealy International Inc shares have fallen nearly -0.73% since the year began. Nevertheless, the stocks have risen 23.20% over the past one year. While a 52-week high of $53.60 was reached on 02/08/24, a 52-week low of $34.98 was recorded on 01/05/24. SMA at 50 days reached $49.18, while 200 days put it at $43.06. A total of 3.24 million shares were traded, compared to the trading of 3.48 million shares in the previous session.

Levels Of Support And Resistance For TPX Stock

The 24-hour chart illustrates a support level at 49.71, which if violated will result in even more drops to 48.82. On the upside, there is a resistance level at 51.74. A further resistance level may holdings at 52.87. The Relative Strength Index (RSI) on the 14-day chart is 51.80, 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 low at 64.00%. Stochastics %K at 55.37% indicates the stock is a holding.

How much short interest is there in Tempur Sealy International Inc?

A steep rise in short interest was recorded in Tempur Sealy International Inc stocks on Jan 31, 2024, growing by 1.54 million shares to a total of 11.85 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 10.31 million shares. There was a rise of 13.0%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.18% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.86.

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