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. Texas Instruments Inc. shares valued at $278,776 were sold by BLINN MARK A on Jan 31 ’24. At $159.85 per share, BLINN MARK A sold 1,744 shares. The insider’s holdings dropped to 11,693 shares worth approximately $1.91 million following the completion of this transaction.
Also, KIRK RONALD sold 12,299 shares, netting a total of over 1,789,602 in proceeds. Following the sale of shares at $145.51 each, the insider now holds 13,637 shares.
Before that, COX CARRIE SMITH had sold 16,055 shares from its account. In a trade valued at $2,890,542, the Director traded Texas Instruments Inc. shares for $180.04 each. Upon closing the transaction, the insider’s holdings decreased to 16,055 shares, worth approximately $5.86 million.
As published in their initiating research note from Evercore ISI on April 16, 2024, Texas Instruments Inc. [TXN] has been an Outperform and the price target has been revised to $213. Analysts at TD Cowen resumed the stock at ‘”a Market perform”‘ outlook in a report released in late January. As of January 23, 2024, Cantor Fitzgerald has initiated its “Neutral” rating for TXN. Earlier on January 19, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for TXN stock which previously was a “a Neutral”.
Analyzing TXN Stock Performance
During the last five days, there has been a drop of approximately -4.40%. Over the course of the year, Texas Instruments Inc. shares have dropped approximately -3.98%. Shares of the company reached a 52-week high of $177.75 on 03/07/24 and a 52-week low of $155.46 on 02/13/24. A 50-day SMA is recorded $167.84, while a 200-day SMA reached $164.33. Nevertheless, trading volume fell to 5.46 million shares from 4.57 million shares the previous day.
Support And Resistance Levels for Texas Instruments Inc. (TXN)
According to the 24-hour chart, there is a support level at 161.92, which, if violated, would cause prices to drop to 160.17. In the upper region, resistance lies at 165.05. The next price resistance is at 166.43. RSI (Relative Strength Index) is 41.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.10, which suggests the price will decrease in the coming days. Percent R is at 85.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
