In a filing, Titan Machinery Inc revealed its Chief Financial Officer Larsen Robert acquired Company’s shares for reported $10008.0 on Apr 01 ’24. In the deal valued at $24.00 per share,417 shares were bought. As a result of this transaction, Larsen Robert now holds 17,370 shares worth roughly $0.4 million.
Lake Street initiated its Titan Machinery Inc [TITN] rating to a Buy in a research note published on July 25, 2023; the price target was $50. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Robert W. Baird also remained covering TITN and has decreased its forecast on November 24, 2021 with a “Neutral” recommendation from previously “an Outperform” rating. Stephens revised its rating on May 28, 2021. It rated TITN as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of TITN
On Tuesday, Titan Machinery Inc [NASDAQ:TITN] saw its stock fall -0.82% to $23.07. Over the last five days, the stock has lost -5.10%. Titan Machinery Inc shares have fallen nearly -20.12% since the year began. Nevertheless, the stocks have fallen -21.66% over the past one year. While a 52-week high of $35.88 was reached on 01/02/24, a 52-week low of $21.44 was recorded on 04/16/24. SMA at 50 days reached $25.15, while 200 days put it at $26.99. A total of 0.21 million shares were traded, compared to the trading of 0.16 million shares in the previous session.
Levels Of Support And Resistance For TITN Stock
The 24-hour chart illustrates a support level at 22.72, which if violated will result in even more drops to 22.37. On the upside, there is a resistance level at 23.52. A further resistance level may holdings at 23.97. The Relative Strength Index (RSI) on the 14-day chart is 40.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.92%. Stochastics %K at 15.49% indicates the stock is a buying.
