Travel+Leisure Co’s filing revealed that its insider Savina James J unloaded Company’s shares for reported $0.28 million on Mar 20 ’24. In the deal valued at $47.00 per share,6,000 shares were sold. As a result of this transaction, Savina James J now holds 26,442 shares worth roughly $1.23 million.
Then, HERRERA GEORGE sold 2,969 shares, generating $134,592 in total proceeds. Upon selling the shares at $45.33, the Director now owns 2,193 shares.
Before that, MARSHALL KIMBERLY sold 4,953 shares. Travel+Leisure Co shares valued at $224,074 were divested by the Chief Human Resources Officer at a price of $45.24 per share. As a result of the transaction, MARSHALL KIMBERLY now holds 54,657 shares, worth roughly $2.55 million.
Mizuho initiated its Travel+Leisure Co [TNL] rating to a Neutral in a research note published on March 26, 2024; the price target was $55. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in mid February with a ‘”a Mkt outperform”‘ rating. Jefferies also remained covering TNL and has increased its forecast on January 02, 2024 with a “Buy” recommendation from previously “Hold” rating. Tigress Financial started covering the stock on August 24, 2023. It rated TNL as “a Buy”.
Price Performance Review of TNL
On Friday, Travel+Leisure Co [NYSE:TNL] saw its stock jump 0.58% to $46.62. Over the last five days, the stock has lost -4.78%. Travel+Leisure Co shares have risen nearly 19.26% since the year began. Nevertheless, the stocks have risen 22.46% over the past one year. While a 52-week high of $49.02 was reached on 03/28/24, a 52-week low of $32.10 was recorded on 01/16/24. SMA at 50 days reached $44.19, while 200 days put it at $39.80. A total of 0.59 million shares were traded, compared to the trading of 0.85 million shares in the previous session.
Levels Of Support And Resistance For TNL Stock
The 24-hour chart illustrates a support level at 46.28, which if violated will result in even more drops to 45.93. On the upside, there is a resistance level at 47.05. A further resistance level may holdings at 47.47. The Relative Strength Index (RSI) on the 14-day chart is 53.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.75%. Stochastics %K at 45.32% indicates the stock is a holding.
How much short interest is there in Travel+Leisure Co?
A steep rise in short interest was recorded in Travel+Leisure Co stocks on Mar 15, 2024, dropping by -0.21 million shares to a total of 1.85 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.06 million shares. There was a decline of -11.35%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.82% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.37.
The most recent change occurred on April 17, 2023 when BofA Securities began covering the stock and recommended ‘”an Underperform”‘ rating along with a $42 price target.
