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. Target Corp shares valued at $786,048 were sold by HENNINGTON CHRISTINA on Mar 21 ’24. At $170.88 per share, HENNINGTON CHRISTINA sold 4,600 shares. The insider’s holdings dropped to 38,487 shares worth approximately $6.33 million following the completion of this transaction.
Also, Kremer Melissa K sold 3,000 shares, netting a total of over 495,150 in proceeds. Following the sale of shares at $165.05 each, the insider now holds 30,527 shares.
Before that, Cornell Brian C had sold 45,000 shares from its account. In a trade valued at $7,538,544, the Executive Officer traded Target Corp shares for $167.52 each. Upon closing the transaction, the insider’s holdings decreased to 45,000 shares, worth approximately $57.06 million.
As published in a research note from Gordon Haskett on April 04, 2024, Target Corp [TGT] has been retained to a Buy and the price target has been revised to $220. Analysts at HSBC Securities upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early March. As of March 06, 2024, Deutsche Bank has increased its “Hold” rating to a “Buy” for TGT. Earlier on March 06, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for TGT stock.
Analyzing TGT Stock Performance
During the last five days, there has been a drop of approximately -4.17%. Over the course of the year, Target Corp shares have jumped approximately 15.48%. Shares of the company reached a 52-week high of $181.86 on 04/01/24 and a 52-week low of $135.67 on 01/18/24. A 50-day SMA is recorded $162.15, while a 200-day SMA reached $135.93. Nevertheless, trading volume fell to 3.68 million shares from 3.45 million shares the previous day.
Support And Resistance Levels for Target Corp (TGT)
According to the 24-hour chart, there is a support level at 162.91, which, if violated, would cause prices to drop to 161.36. In the upper region, resistance lies at 166.98. The next price resistance is at 169.50. RSI (Relative Strength Index) is 43.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.73, which suggests the price will decrease in the coming days. Percent R is at 88.50%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
