Toro Co.’s recently made public that its Director Ellis Gary Lee unloaded Company’s shares for reported $0.46 million on Mar 15 ’24. In the deal valued at $88.75 per share,5,192 shares were sold. As a result of this transaction, Ellis Gary Lee now holds 33,051 shares worth roughly $2.91 million.
Then, Funk Edric C sold 615 shares, generating $55,078 in total proceeds. Upon selling the shares at $89.57, the Group VP, Golf, Grounds & Irr now owns 0 shares.
Before that, JANEY GREGORY S sold 3,260 shares. Toro Co. shares valued at $312,367 were divested by the Group VP, Landscapes & Contrac at a price of $95.82 per share. As a result of the transaction, JANEY GREGORY S now holds 1,597 shares, worth roughly $0.14 million.
DA Davidson downgraded its Toro Co. [TTC] rating to a Neutral from a a Buy in a research note published on December 05, 2023; the price target was decreased to $87 from $110. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. CL King began covering TTC with “Buy” recommendation on May 19, 2023. Northland Capital started covering the stock on April 17, 2023. It rated TTC as “a Market perform”.
Price Performance Review of TTC
On Tuesday, Toro Co. [NYSE:TTC] saw its stock jump 1.32% to $88.16. Over the last five days, the stock has gained 1.53%. Toro Co. shares have fallen nearly -8.16% since the year began. Nevertheless, the stocks have fallen -12.70% over the past one year. While a 52-week high of $108.50 was reached on 02/12/24, a 52-week low of $78.35 was recorded on 04/02/24. SMA at 50 days reached $91.64, while 200 days put it at $91.50. A total of 0.54 million shares were traded, compared to the trading of 0.44 million shares in the previous session.
Levels Of Support And Resistance For TTC Stock
The 24-hour chart illustrates a support level at 86.95, which if violated will result in even more drops to 85.75. On the upside, there is a resistance level at 88.85. A further resistance level may holdings at 89.55. The Relative Strength Index (RSI) on the 14-day chart is 45.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.35%. Stochastics %K at 22.83% indicates the stock is a holding.
How much short interest is there in Toro Co.?
A steep rise in short interest was recorded in Toro Co. stocks on Mar 28, 2024, growing by 0.61 million shares to a total of 4.93 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 4.32 million shares. There was a rise of 12.37%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.89% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.44.
