TJX Companies, Inc.’s recent filing unveils 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 $49.06 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 $52.89 million.
UBS upgraded its TJX Companies, Inc. [TJX] rating to a Buy from a a Neutral in a research note published on May 02, 2024; the price target was increased to $132 from $104. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in late April from “a Neutral” to “a Buy”. Redburn Atlantic also remained covering TJX and has decreased its forecast on February 05, 2024 with a “Neutral” recommendation from previously “Buy” rating. Telsey Advisory Group maintained its rating on November 16, 2023. It rated TJX as “an Outperform”.
Price Performance Review of TJX
On Friday, TJX Companies, Inc. [NYSE:TJX] saw its stock jump 0.21% to $95.11. Over the last five days, the stock has lost -1.30%. TJX Companies, Inc. shares have risen nearly 1.39% since the year began. Nevertheless, the stocks have risen 22.19% 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 $96.90, while 200 days put it at $92.41. A total of 5.09 million shares were traded, compared to the trading of 6.31 million shares in the previous session.
Levels Of Support And Resistance For TJX Stock
The 24-hour chart illustrates a support level at 94.58, which if violated will result in even more drops to 94.05. On the upside, there is a resistance level at 95.57. A further resistance level may holdings at 96.03. The Relative Strength Index (RSI) on the 14-day chart is 48.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.09%. Stochastics %K at 40.93% indicates the stock is a holding.
The most recent change occurred on November 07, 2023 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $105 price target.
