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. Tronox Holdings plc shares valued at $777,085 were sold by Turgeon Jean Francois on Mar 06 ’24. At $14.95 per share, Turgeon Jean Francois sold 51,996 shares. The insider’s holdings dropped to 735,647 shares worth approximately $12.28 million following the completion of this transaction.
Also, Romano John D sold 42,768 shares, netting a total of over 639,168 in proceeds. Following the sale of shares at $14.95 each, the insider now holds 942,171 shares.
Before that, Neuman Jeffrey N had sold 23,500 shares from its account. In a trade valued at $351,250, the SVP, General Counsel & Sec. traded Tronox Holdings plc shares for $14.95 each. Upon closing the transaction, the insider’s holdings decreased to 23,500 shares, worth approximately $4.34 million.
As published in a research note from BMO Capital Markets on December 18, 2023, Tronox Holdings plc [TROX] has been rated up from a Market perform to an Outperform and the price target has been revised to $18 from $11. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of September 07, 2023, UBS has decreased its “Buy” rating to a “Neutral” for TROX. Earlier on August 08, 2023, Credit Suisse upgraded its rating. Their new recommendation was “a Neutral” for TROX stock which previously was a “an Underperform”.
Analyzing TROX Stock Performance
During the last five days, there has been a drop of approximately -3.02%. Over the course of the year, Tronox Holdings plc shares have jumped approximately 17.87%. Shares of the company reached a 52-week high of $17.89 on 03/28/24 and a 52-week low of $11.93 on 01/18/24. A 50-day SMA is recorded $15.47, while a 200-day SMA reached $13.51. Nevertheless, trading volume fell to 0.82 million shares from 0.63 million shares the previous day.
Support And Resistance Levels for Tronox Holdings plc (TROX)
According to the 24-hour chart, there is a support level at 16.42, which, if violated, would cause prices to drop to 16.15. In the upper region, resistance lies at 16.95. The next price resistance is at 17.20. RSI (Relative Strength Index) is 53.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 81.08%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Tronox Holdings plc subject to short interest?
Stocks of Tronox Holdings plc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.53 million shares to 7.06 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 6.53 million shares. A jump of 7.51% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.5 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.5.
