In a filing, Tractor Supply Co. revealed its EVP Chief Financial Officer Barton Kurt D unloaded Company’s shares for reported $1.11 million on Mar 15 ’24. In the deal valued at $257.00 per share,4,335 shares were sold. As a result of this transaction, Barton Kurt D now holds 20,678 shares worth roughly $5.22 million.
Then, Yankee Colin sold 8,675 shares, generating $2,168,750 in total proceeds. Upon selling the shares at $250.00, the EVP Chief Supply Chain Officer now owns 9,673 shares.
Before that, Ellison Noni L sold 6,199 shares. Tractor Supply Co. shares valued at $1,498,856 were divested by the SVP General Counsel at a price of $241.79 per share. As a result of the transaction, Ellison Noni L now holds 6,032 shares, worth roughly $1.52 million.
Mizuho initiated its Tractor Supply Co. [TSCO] rating to a Neutral in a research note published on March 19, 2024; the price target was $245. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early February has reiterated a ‘”an Outperform”‘ rating for it. Raymond James also remained covering TSCO and has decreased its forecast on February 02, 2024 with a “an Outperform” recommendation from previously “Strong buy” rating. Telsey Advisory Group maintained its rating on January 26, 2024. It rated TSCO as “an Outperform”.
Price Performance Review of TSCO
On Friday, Tractor Supply Co. [NASDAQ:TSCO] saw its stock fall -0.01% to $252.49. Over the last five days, the stock has lost -3.53%. Tractor Supply Co. shares have risen nearly 17.42% since the year began. Nevertheless, the stocks have risen 5.38% over the past one year. While a 52-week high of $268.02 was reached on 03/21/24, a 52-week low of $185.00 was recorded on 01/03/24. SMA at 50 days reached $245.53, while 200 days put it at $220.60. A total of 1.23 million shares were traded, compared to the trading of 0.87 million shares in the previous session.
Levels Of Support And Resistance For TSCO Stock
The 24-hour chart illustrates a support level at 250.68, which if violated will result in even more drops to 248.87. On the upside, there is a resistance level at 254.30. A further resistance level may holdings at 256.11. The Relative Strength Index (RSI) on the 14-day chart is 49.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.56%. Stochastics %K at 10.69% indicates the stock is a buying.
How much short interest is there in Tractor Supply Co.?
A steep rise in short interest was recorded in Tractor Supply Co. stocks on Mar 15, 2024, dropping by 30000.0 shares to a total of 10.59 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 10.62 million shares. There was a decline of -0.28%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 11.16% of the overall stock float, the days-to-cover ratio (short ratio) fell to 10.77.
