Toll Brothers Inc. [TOL] Insider Activity: An Update for Investors

Toll Brothers Inc.’s recent filing unveils that its Director SHAPIRO PAUL E unloaded Company’s shares for reported $1.0 million on Jan 05. In the deal valued at $99.70 per share,10,000 shares were sold. As a result of this transaction, SHAPIRO PAUL E now holds 119,704 shares worth roughly $12.62 million.

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Then, Connor Martin P. sold 12,892 shares, generating $1,317,682 in total proceeds. Upon selling the shares at $102.21, the Chief Financial Officer now owns 54,721 shares.

Before that, McLean John A sold 3,863 shares. Toll Brothers Inc. shares valued at $400,091 were divested by the Director at a price of $103.57 per share. As a result of the transaction, McLean John A now holds 10,091 shares, worth roughly $1.06 million.

Seaport Research Partners downgraded its Toll Brothers Inc. [TOL] rating to a Neutral from a a Buy in a research note published on Monday.

Price Performance Review of TOL

On Monday, Toll Brothers Inc. [NYSE:TOL] saw its stock jump 4.38% to $105.43. Over the last five days, the stock has gained 6.47%. Toll Brothers Inc. shares have risen nearly 2.57% since the year began. Nevertheless, the stocks have risen 80.81% over the past one year. While a 52-week high of $105.91 was reached on 02/12/24, a 52-week low of $55.44 was recorded on 01/24/24. SMA at 50 days reached $98.91, while 200 days put it at $81.32. A total of 2.11 million shares were traded, compared to the trading of 0.95 million shares in the previous session.

Levels Of Support And Resistance For TOL Stock

The 24-hour chart illustrates a support level at 102.57, which if violated will result in even more drops to 99.72. On the upside, there is a resistance level at 107.07. A further resistance level may holdings at 108.72. The Relative Strength Index (RSI) on the 14-day chart is 65.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.13%. Stochastics %K at 80.78% indicates the stock is a selling.

How much short interest is there in Toll Brothers Inc.?

A steep rise in short interest was recorded in Toll Brothers Inc. stocks on Jan 31, 2024, dropping by -0.66 million shares to a total of 3.29 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 3.95 million shares. There was a decline of -20.06%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.04% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.29.

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