In a filing, Toll Brothers Inc. revealed its Director East Stephen F. unloaded Company’s shares for reported $0.18 million on Apr 15 ’24. In the deal valued at $119.32 per share,1,500 shares were sold. As a result of this transaction, East Stephen F. now holds 9,389 shares worth roughly $1.13 million.
Then, SHAPIRO PAUL E sold 2,500 shares, generating $308,050 in total proceeds. Upon selling the shares at $123.22, the Director now owns 120,107 shares.
Before that, Connor Martin P. sold 5,000 shares. Toll Brothers Inc. shares valued at $619,500 were divested by the Chief Financial Officer at a price of $123.90 per share. As a result of the transaction, Connor Martin P. now holds 44,721 shares, worth roughly $5.38 million.
Seaport Research Partners downgraded its Toll Brothers Inc. [TOL] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early January from “a Peer perform” to “an Outperform”. Seaport Research Partners also remained covering TOL and has increased its forecast on November 02, 2023 with a “Buy” recommendation from previously “Neutral” rating. Wells Fargo started covering the stock on October 17, 2023. It rated TOL as “an Overweight”.
Price Performance Review of TOL
On Friday, Toll Brothers Inc. [NYSE:TOL] saw its stock jump 2.44% to $120.22. Over the last five days, the stock has gained 7.14%. Toll Brothers Inc. shares have risen nearly 16.96% since the year began. Nevertheless, the stocks have risen 95.93% over the past one year. While a 52-week high of $130.63 was reached on 04/01/24, a 52-week low of $61.17 was recorded on 01/24/24. SMA at 50 days reached $118.45, while 200 days put it at $93.52. A total of 0.74 million shares were traded, compared to the trading of 0.83 million shares in the previous session.
Levels Of Support And Resistance For TOL Stock
The 24-hour chart illustrates a support level at 118.69, which if violated will result in even more drops to 117.17. On the upside, there is a resistance level at 121.34. A further resistance level may holdings at 122.47. The Relative Strength Index (RSI) on the 14-day chart is 53.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.28%. Stochastics %K at 50.80% indicates the stock is a holding.
