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Mizuho initates Travel+Leisure Co (TNL) stock to a Neutral

NUE

In a filing, Travel+Leisure Co revealed its insider Savina James J unloaded Company’s shares for reported $0.28 million on Mar 20 ’24. In the deal valued at $47.00 per share,6,000 shares were sold. As a result of this transaction, Savina James J now holds 26,442 shares worth roughly $1.2 million.

Then, HERRERA GEORGE sold 2,969 shares, generating $134,592 in total proceeds. Upon selling the shares at $45.33, the Director now owns 2,193 shares.

Before that, MARSHALL KIMBERLY sold 4,953 shares. Travel+Leisure Co shares valued at $224,074 were divested by the Chief Human Resources Officer at a price of $45.24 per share. As a result of the transaction, MARSHALL KIMBERLY now holds 54,657 shares, worth roughly $2.48 million.

Mizuho initiated its Travel+Leisure Co [TNL] rating to a Neutral in a research note published on March 26, 2024; the price target was $55. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in mid February with a ‘”a Mkt outperform”‘ rating. Jefferies also remained covering TNL and has increased its forecast on January 02, 2024 with a “Buy” recommendation from previously “Hold” rating. Tigress Financial started covering the stock on August 24, 2023. It rated TNL as “a Buy”.

Price Performance Review of TNL

On Tuesday, Travel+Leisure Co [NYSE:TNL] saw its stock fall -0.04% to $45.45. Over the last five days, the stock has gained 4.39%. Travel+Leisure Co shares have risen nearly 16.27% since the year began. Nevertheless, the stocks have risen 26.50% over the past one year. While a 52-week high of $49.02 was reached on 03/28/24, a 52-week low of $32.10 was recorded on 01/16/24. SMA at 50 days reached $45.66, while 200 days put it at $40.23. A total of 0.5 million shares were traded, compared to the trading of 0.36 million shares in the previous session.

Levels Of Support And Resistance For TNL Stock

The 24-hour chart illustrates a support level at 45.12, which if violated will result in even more drops to 44.80. On the upside, there is a resistance level at 46.07. A further resistance level may holdings at 46.70. The Relative Strength Index (RSI) on the 14-day chart is 52.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.24%. Stochastics %K at 60.13% indicates the stock is a holding.

The most recent change occurred on April 17, 2023 when BofA Securities began covering the stock and recommended ‘”an Underperform”‘ rating along with a $42 price target.

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