TJX Companies, Inc.’s filing revealed that its CEO & President Herrman Ernie unloaded Company’s shares for reported $1.98 million on Mar 21 ’24. In the deal valued at $98.98 per share,20,000 shares were sold. As a result of this transaction, Herrman Ernie now holds 515,801 shares worth roughly $49.7 million.
Then, Herrman Ernie sold 20,304 shares, generating $1,981,145 in total proceeds. Upon selling the shares at $97.57, the CEO & President now owns 535,801 shares.
Before that, Herrman Ernie sold 20,000 shares. TJX Companies, Inc. shares valued at $1,967,916 were divested by the CEO & President at a price of $98.40 per share. As a result of the transaction, Herrman Ernie now holds 556,105 shares, worth roughly $53.59 million.
Goldman upgraded its TJX Companies, Inc. [TJX] rating to a Buy from a a Neutral in a research note published on April 25, 2024; the price target was increased to $110 from $100. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Telsey Advisory Group also remained covering TJX and reiterated its “an Outperform” recommendation on November 16, 2023. Evercore ISI started covering the stock on November 07, 2023. It rated TJX as “an Outperform”.
Price Performance Review of TJX
On Friday, TJX Companies, Inc. [NYSE:TJX] saw its stock fall -0.06% to $96.36. Over the last five days, the stock has gained 3.21%. TJX Companies, Inc. shares have risen nearly 2.72% since the year began. Nevertheless, the stocks have risen 24.40% over the past one year. While a 52-week high of $102.84 was reached on 02/28/24, a 52-week low of $75.65 was recorded on 01/04/24. SMA at 50 days reached $97.26, while 200 days put it at $92.18. A total of 3.75 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For TJX Stock
The 24-hour chart illustrates a support level at 95.81, which if violated will result in even more drops to 95.25. On the upside, there is a resistance level at 97.40. A further resistance level may holdings at 98.43. The Relative Strength Index (RSI) on the 14-day chart is 52.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.49%. Stochastics %K at 70.39% indicates the stock is a holding.
