Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TJX Companies, Inc. shares valued at $1,979,676 were sold by Herrman Ernie on Mar 21 ’24. At $98.98 per share, Herrman Ernie sold 20,000 shares. The insider’s holdings dropped to 515,801 shares worth approximately $49.66 million following the completion of this transaction.
Also, Herrman Ernie sold 20,304 shares, netting a total of over 1,981,145 in proceeds. Following the sale of shares at $97.57 each, the insider now holds 535,801 shares.
Before that, Herrman Ernie had sold 20,000 shares from its account. In a trade valued at $1,967,916, the CEO & President traded TJX Companies, Inc. shares for $98.40 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $53.54 million.
As published in a research note from Redburn Atlantic on February 05, 2024, TJX Companies, Inc. [TJX] has been rated down from a Buy to a Neutral and the price target has been revised to $100. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid November. As of November 07, 2023, Evercore ISI has initiated its “an Outperform” rating for TJX. Earlier on August 09, 2023, Cleveland Research upgraded its rating. Their new recommendation was “a Buy” for TJX stock which previously was a “a Neutral”.
Analyzing TJX Stock Performance
During the last five days, there has been a drop of approximately -1.03%. Over the course of the year, TJX Companies, Inc. shares have jumped approximately 2.63%. Shares of the company reached a 52-week high of $102.84 on 02/28/24 and a 52-week low of $91.31 on 01/04/24. A 50-day SMA is recorded $97.98, while a 200-day SMA reached $91.54. Nevertheless, trading volume fell to 3.84 million shares from 7.99 million shares the previous day.
Support And Resistance Levels for TJX Companies, Inc. (TJX)
According to the 24-hour chart, there is a support level at 95.89, which, if violated, would cause prices to drop to 95.51. In the upper region, resistance lies at 96.88. The next price resistance is at 97.48. RSI (Relative Strength Index) is 43.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.84, which suggests the price will decrease in the coming days. Percent R is at 89.09%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is TJX Companies, Inc. subject to short interest?
Stocks of TJX Companies, Inc. saw a sharp steep in short interest on Mar 28, 2024 dropping by -1.18 million shares to 12.37 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 13.55 million shares. A decline of -9.54% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.1 of the overall float, the days-to-cover ratio (short ratio) decline to 2.1.
