Toll Brothers Inc.’s recent filing unveils that its Director SHAPIRO PAUL E unloaded Company’s shares for reported $0.31 million on Apr 03 ’24. In the deal valued at $123.22 per share,2,500 shares were sold. As a result of this transaction, SHAPIRO PAUL E now holds 120,107 shares worth roughly $15.03 million.
Then, Connor Martin P. sold 5,000 shares, generating $619,500 in total proceeds. Upon selling the shares at $123.90, the Chief Financial Officer now owns 44,721 shares.
Before that, Yearley Douglas C. Jr. sold 50,000 shares. Toll Brothers Inc. shares valued at $5,942,601 were divested by the Chief Executive Officer at a price of $118.85 per share. As a result of the transaction, Yearley Douglas C. Jr. now holds 346,382 shares, worth roughly $43.35 million.
Seaport Research Partners downgraded its Toll Brothers Inc. [TOL] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early January from “a Peer perform” to “an Outperform”. Seaport Research Partners also remained covering TOL and has increased its forecast on November 02, 2023 with a “Buy” recommendation from previously “Neutral” rating. Wells Fargo started covering the stock on October 17, 2023. It rated TOL as “an Overweight”.
Price Performance Review of TOL
On Friday, Toll Brothers Inc. [NYSE:TOL] saw its stock jump 1.74% to $125.14. Over the last five days, the stock has lost -3.27%. Toll Brothers Inc. shares have risen nearly 21.74% since the year began. Nevertheless, the stocks have risen 111.74% over the past one year. While a 52-week high of $130.63 was reached on 04/01/24, a 52-week low of $57.09 was recorded on 01/24/24. SMA at 50 days reached $113.15, while 200 days put it at $90.52. A total of 0.76 million shares were traded, compared to the trading of 1.14 million shares in the previous session.
Levels Of Support And Resistance For TOL Stock
The 24-hour chart illustrates a support level at 123.19, which if violated will result in even more drops to 121.23. On the upside, there is a resistance level at 126.29. A further resistance level may holdings at 127.43. The Relative Strength Index (RSI) on the 14-day chart is 58.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.00%. Stochastics %K at 54.20% indicates the stock is a holding.
How much short interest is there in Toll Brothers Inc.?
A steep rise in short interest was recorded in Toll Brothers Inc. stocks on Mar 15, 2024, growing by 0.49 million shares to a total of 3.9 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.41 million shares. There was a rise of 12.56%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.80% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.22.
