In a filing, Tronox Holdings plc revealed its Co-CEO and Director Turgeon Jean Francois unloaded Company’s shares for reported $0.78 million on Mar 06 ’24. In the deal valued at $14.95 per share,51,996 shares were sold. As a result of this transaction, Turgeon Jean Francois now holds 735,647 shares worth roughly $12.46 million.
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Then, Romano John D sold 42,768 shares, generating $639,168 in total proceeds. Upon selling the shares at $14.95, the Co-CEO and Director now owns 942,171 shares.
Before that, Neuman Jeffrey N sold 23,500 shares. Tronox Holdings plc shares valued at $351,250 were divested by the SVP, General Counsel & Sec. at a price of $14.95 per share. As a result of the transaction, Neuman Jeffrey N now holds 260,212 shares, worth roughly $4.41 million.
BMO Capital Markets upgraded its Tronox Holdings plc [TROX] rating to an Outperform from a a Market perform in a research note published on December 18, 2023; the price target was increased to $18 from $11. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late October from “an Overweight” to “a Neutral”. UBS also remained covering TROX and has decreased its forecast on September 07, 2023 with a “Neutral” recommendation from previously “Buy” rating. Credit Suisse revised its rating on August 08, 2023. It rated TROX as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of TROX
On Friday, Tronox Holdings plc [NYSE:TROX] saw its stock fall -0.47% to $16.94. Over the last five days, the stock has gained 4.96%. Tronox Holdings plc shares have risen nearly 19.63% since the year began. Nevertheless, the stocks have risen 26.04% over the past one year. While a 52-week high of $17.30 was reached on 03/21/24, a 52-week low of $10.08 was recorded on 01/18/24. SMA at 50 days reached $14.53, while 200 days put it at $13.23. A total of 1.55 million shares were traded, compared to the trading of 0.93 million shares in the previous session.
Levels Of Support And Resistance For TROX Stock
The 24-hour chart illustrates a support level at 16.72, which if violated will result in even more drops to 16.50. On the upside, there is a resistance level at 17.17. A further resistance level may holdings at 17.40. The Relative Strength Index (RSI) on the 14-day chart is 66.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.00%. Stochastics %K at 90.67% indicates the stock is a selling.
How much short interest is there in Tronox Holdings plc?
A steep rise in short interest was recorded in Tronox Holdings plc stocks on Feb 29, 2024, dropping by -0.35 million shares to a total of 7.11 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 7.46 million shares. There was a decline of -4.92%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.43% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.34.
The most recent change occurred on November 01, 2022 when Credit Suisse began covering the stock and recommended ‘”an Underperform”‘ rating along with a $10 price target.
