Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tempur Sealy International Inc shares valued at $599,442 were sold by Wijnand Hansbart on Feb 20 ’24. At $50.31 per share, Wijnand Hansbart sold 11,916 shares. The insider’s holdings dropped to 27,631 shares worth approximately $1.44 million following the completion of this transaction.
Also, Dilsaver Evelyn S sold 5,304 shares, netting a total of over 232,074 in proceeds. Following the sale of shares at $43.75 each, the insider now holds 143,938 shares.
Before that, Wijnand Hansbart had sold 28,834 shares from its account. In a trade valued at $1,225,658, the EVP, INTERNATIONAL traded Tempur Sealy International Inc shares for $42.51 each. Upon closing the transaction, the insider’s holdings decreased to 28,834 shares, worth approximately $0.82 million.
As published in a research note from Loop Capital on March 25, 2024, Tempur Sealy International Inc [TPX] has been rated up from a Hold to a Buy and the price target has been revised to $75 from $50. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid January. Earlier on August 11, 2022, Goldman initiated its rating. Their recommendation was “a Buy” for TPX stock.
Analyzing TPX Stock Performance
During the last five days, there has been a surge of approximately 4.14%. Over the course of the year, Tempur Sealy International Inc shares have jumped approximately 2.18%. Shares of the company reached a 52-week high of $57.13 on 03/28/24 and a 52-week low of $47.60 on 01/05/24. A 50-day SMA is recorded $52.74, while a 200-day SMA reached $47.13. Nevertheless, trading volume fell to 1.66 million shares from 2.99 million shares the previous day.
Support And Resistance Levels for Tempur Sealy International Inc (TPX)
According to the 24-hour chart, there is a support level at 51.09, which, if violated, would cause prices to drop to 50.09. In the upper region, resistance lies at 52.65. The next price resistance is at 53.21. RSI (Relative Strength Index) is 55.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.09, which suggests the price will increase in the coming days. Percent R is at 45.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
