Texas Instruments Inc.’s recently made public that its Director BLINN MARK A unloaded Company’s shares for reported $0.28 million on Jan 31 ’24. In the deal valued at $159.85 per share,1,744 shares were sold. As a result of this transaction, BLINN MARK A now holds 11,693 shares worth roughly $1.91 million.
Then, KIRK RONALD sold 12,299 shares, generating $1,789,602 in total proceeds. Upon selling the shares at $145.51, the Director now owns 13,637 shares.
Before that, COX CARRIE SMITH sold 16,055 shares. Texas Instruments Inc. shares valued at $2,890,542 were divested by the Director at a price of $180.04 per share. As a result of the transaction, COX CARRIE SMITH now holds 35,801 shares, worth roughly $5.85 million.
Evercore ISI initiated its Texas Instruments Inc. [TXN] rating to an Outperform in a research note published on April 16, 2024; the price target was $213. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late January has reiterated a ‘”a Market perform”‘ rating for it. Cantor Fitzgerald began covering TXN with “Neutral” recommendation on January 23, 2024. UBS revised its rating on January 19, 2024. It rated TXN as “a Buy” which previously was an “a Neutral”.
Price Performance Review of TXN
On Monday, Texas Instruments Inc. [NASDAQ:TXN] saw its stock jump 2.35% to $163.43. Over the last five days, the stock has lost -1.76%. Texas Instruments Inc. shares have fallen nearly -4.12% since the year began. Nevertheless, the stocks have fallen -7.47% over the past one year. While a 52-week high of $188.12 was reached on 03/07/24, a 52-week low of $139.48 was recorded on 02/13/24. SMA at 50 days reached $167.93, while 200 days put it at $164.18. A total of 5.94 million shares were traded, compared to the trading of 10.5 million shares in the previous session.
Levels Of Support And Resistance For TXN Stock
The 24-hour chart illustrates a support level at 160.94, which if violated will result in even more drops to 158.45. On the upside, there is a resistance level at 165.03. A further resistance level may holdings at 166.63. The Relative Strength Index (RSI) on the 14-day chart is 43.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.02%. Stochastics %K at 16.23% indicates the stock is a buying.
