Textron Inc.’s recently made public that its EVP, General Counsel & Secy Lupone E Robert unloaded Company’s shares for reported $4.16 million on Feb 21 ’24. In the deal valued at $85.17 per share,48,825 shares were sold. As a result of this transaction, Lupone E Robert now holds 97,993 shares worth roughly $9.21 million.
Then, Lupone E Robert sold 8,380 shares, generating $713,192 in total proceeds. Upon selling the shares at $85.11, the EVP, General Counsel & Secy now owns 97,993 shares.
Before that, Bamford Mark S sold 6,177 shares. Textron Inc. shares valued at $534,002 were divested by the VP & Corporate Controller at a price of $86.45 per share. As a result of the transaction, Bamford Mark S now holds 17,840 shares, worth roughly $1.68 million.
BofA Securities upgraded its Textron Inc. [TXT] rating to a Buy from a a Neutral in a research note published on March 08, 2024; the price target was increased to $105 from $85. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid October with a ‘”a Sell”‘ rating. Citigroup began covering TXT with “Buy” recommendation on July 06, 2023. Vertical Research revised its rating on May 24, 2023. It rated TXT as “a Hold” which previously was an “a Buy”.
Price Performance Review of TXT
On Friday, Textron Inc. [NYSE:TXT] saw its stock fall -0.70% to $93.96. Over the last five days, the stock has lost -2.78%. Textron Inc. shares have risen nearly 16.84% since the year began. Nevertheless, the stocks have risen 38.85% over the past one year. While a 52-week high of $97.33 was reached on 04/08/24, a 52-week low of $61.27 was recorded on 01/17/24. SMA at 50 days reached $90.84, while 200 days put it at $80.08. A total of 0.94 million shares were traded, compared to the trading of 1.24 million shares in the previous session.
Levels Of Support And Resistance For TXT Stock
The 24-hour chart illustrates a support level at 93.40, which if violated will result in even more drops to 92.83. On the upside, there is a resistance level at 94.81. A further resistance level may holdings at 95.65. The Relative Strength Index (RSI) on the 14-day chart is 51.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.34%. Stochastics %K at 25.98% indicates the stock is a holding.
The most recent change occurred on April 06, 2023 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating.
