TJX Companies, Inc.’s recently made public that its CEO & President Herrman Ernie unloaded Company’s shares for reported $1.98 million on Mar 21 ’24. In the deal valued at $98.98 per share,20,000 shares were sold. As a result of this transaction, Herrman Ernie now holds 515,801 shares worth roughly $50.64 million.
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Then, Herrman Ernie sold 20,304 shares, generating $1,981,145 in total proceeds. Upon selling the shares at $97.57, the CEO & President now owns 535,801 shares.
Before that, Herrman Ernie sold 20,000 shares. TJX Companies, Inc. shares valued at $1,967,916 were divested by the CEO & President at a price of $98.40 per share. As a result of the transaction, Herrman Ernie now holds 556,105 shares, worth roughly $54.6 million.
Redburn Atlantic downgraded its TJX Companies, Inc. [TJX] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in mid November has reiterated a ‘”an Outperform”‘ rating for it. Evercore ISI began covering TJX with “an Outperform” recommendation on November 07, 2023. Cleveland Research revised its rating on August 09, 2023. It rated TJX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of TJX
On Monday, TJX Companies, Inc. [NYSE:TJX] saw its stock fall -1.31% to $98.18. Over the last five days, the stock has gained 2.04%. TJX Companies, Inc. shares have risen nearly 4.66% since the year began. Nevertheless, the stocks have risen 31.56% over the past one year. While a 52-week high of $102.84 was reached on 02/28/24, a 52-week low of $73.65 was recorded on 01/04/24. SMA at 50 days reached $97.35, while 200 days put it at $90.56. A total of 6.89 million shares were traded, compared to the trading of 5.14 million shares in the previous session.
Levels Of Support And Resistance For TJX Stock
The 24-hour chart illustrates a support level at 97.68, which if violated will result in even more drops to 97.19. On the upside, there is a resistance level at 99.13. A further resistance level may holdings at 100.09. The Relative Strength Index (RSI) on the 14-day chart is 51.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.63%. Stochastics %K at 83.43% indicates the stock is a selling.
How much short interest is there in TJX Companies, Inc.?
A steep rise in short interest was recorded in TJX Companies, Inc. stocks on Feb 29, 2024, growing by 2.7 million shares to a total of 13.55 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 10.85 million shares. There was a rise of 19.93%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.19% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.66.
