Target Corp’s filing revealed that its Executive Officer HENNINGTON CHRISTINA unloaded Company’s shares for reported $0.79 million on Mar 21 ’24. In the deal valued at $170.88 per share,4,600 shares were sold. As a result of this transaction, HENNINGTON CHRISTINA now holds 38,487 shares worth roughly $6.39 million.
Then, Kremer Melissa K sold 3,000 shares, generating $495,150 in total proceeds. Upon selling the shares at $165.05, the Executive Officer now owns 30,527 shares.
Before that, Cornell Brian C sold 45,000 shares. Target Corp shares valued at $7,538,544 were divested by the Executive Officer at a price of $167.52 per share. As a result of the transaction, Cornell Brian C now holds 346,919 shares, worth roughly $57.63 million.
Gordon Haskett reiterated its Target Corp [TGT] rating to a Buy in a research note published on April 04, 2024; the price target was $220. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in early March from “a Hold” to “a Buy”. Deutsche Bank also remained covering TGT and has increased its forecast on March 06, 2024 with a “Buy” recommendation from previously “Hold” rating. Telsey Advisory Group maintained its rating on March 06, 2024. It rated TGT as “an Outperform”.
Price Performance Review of TGT
On Friday, Target Corp [NYSE:TGT] saw its stock fall -3.04% to $166.12. Over the last five days, the stock has lost -3.29%. Target Corp shares have risen nearly 16.64% since the year began. Nevertheless, the stocks have risen 1.60% over the past one year. While a 52-week high of $181.86 was reached on 04/01/24, a 52-week low of $102.93 was recorded on 01/18/24. SMA at 50 days reached $160.94, while 200 days put it at $135.45. A total of 3.51 million shares were traded, compared to the trading of 2.25 million shares in the previous session.
Levels Of Support And Resistance For TGT Stock
The 24-hour chart illustrates a support level at 164.25, which if violated will result in even more drops to 162.38. On the upside, there is a resistance level at 169.53. A further resistance level may holdings at 172.93. The Relative Strength Index (RSI) on the 14-day chart is 45.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.89%. Stochastics %K at 15.59% indicates the stock is a buying.
