The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Toll Brothers Inc. shares valued at $308,050 were sold by SHAPIRO PAUL E on Apr 03 ’24. At $123.22 per share, SHAPIRO PAUL E sold 2,500 shares. The insider’s holdings dropped to 120,107 shares worth approximately $14.24 million following the completion of this transaction.
Also, Connor Martin P. sold 5,000 shares, netting a total of over 619,500 in proceeds. Following the sale of shares at $123.90 each, the insider now holds 44,721 shares.
Before that, Yearley Douglas C. Jr. had sold 50,000 shares from its account. In a trade valued at $5,942,601, the Chief Executive Officer traded Toll Brothers Inc. shares for $118.85 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $41.07 million.
As published in a research note from Seaport Research Partners on January 22, 2024, Toll Brothers Inc. [TOL] has been rated down from a Buy to a Neutral. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of November 02, 2023, Seaport Research Partners has increased its “Neutral” rating to a “Buy” for TOL. Earlier on October 17, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for TOL stock.
Analyzing TOL Stock Performance
During the last five days, there has been a drop of approximately -5.91%. Over the course of the year, Toll Brothers Inc. shares have jumped approximately 15.36%. Shares of the company reached a 52-week high of $130.63 on 04/01/24 and a 52-week low of $95.46 on 01/24/24. A 50-day SMA is recorded $114.57, while a 200-day SMA reached $91.22. Nevertheless, trading volume fell to 1.85 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for Toll Brothers Inc. (TOL)
According to the 24-hour chart, there is a support level at 117.34, which, if violated, would cause prices to drop to 116.10. In the upper region, resistance lies at 120.12. The next price resistance is at 121.66. RSI (Relative Strength Index) is 44.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.89, which suggests the price will decrease in the coming days. Percent R is at 92.76%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Toll Brothers Inc. subject to short interest?
Stocks of Toll Brothers Inc. saw a sharp steep in short interest on Mar 28, 2024 dropping by -0.76 million shares to 2.75 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 3.51 million shares. A decline of -27.64% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.98 of the overall float, the days-to-cover ratio (short ratio) decline to 1.98.
