Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $2.05 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 $6.27 million.
As published in a research note from TD Cowen on April 24, 2024, Texas Instruments Inc. [TXN] has been retained to a Hold and the price target has been revised to $175. Analysts at Evercore ISI started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid April. As of January 24, 2024, TD Cowen has reiterated its “Market perform” rating for TXN. Earlier on January 23, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “a Neutral” for TXN stock.
Analyzing TXN Stock Performance
During the last five days, there has been a surge of approximately 7.08%. Over the course of the year, Texas Instruments Inc. shares have jumped approximately 2.81%. Shares of the company reached a 52-week high of $179.49 on 04/24/24 and a 52-week low of $155.46 on 02/13/24. A 50-day SMA is recorded $168.63, while a 200-day SMA reached $164.10. Nevertheless, trading volume fell to 9.13 million shares from 13.97 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 172.66, which, if violated, would cause prices to drop to 170.06. In the upper region, resistance lies at 177.45. The next price resistance is at 179.65. RSI (Relative Strength Index) is 59.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.89, which suggests the price will increase in the coming days. Percent R is at 20.80%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
