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DA Davidson initates TopBuild Corp (BLD) stock to a Buy

In a filing, TopBuild Corp revealed its President and CEO Buck Robert M unloaded Company’s shares for reported $2.02 million on May 09 ’24. In the deal valued at $403.72 per share,5,000 shares were sold. As a result of this transaction, Buck Robert M now holds 71,968 shares worth roughly $30.22 million.

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Then, Kuhns Robert M sold 540 shares, generating $219,526 in total proceeds. Upon selling the shares at $406.53, the Vice President and CFO now owns 15,928 shares.

Before that, Raia Steven P sold 2,030 shares. TopBuild Corp shares valued at $805,707 were divested by the Pres, Sp Ops & Exec Adv at a price of $396.90 per share. As a result of the transaction, Raia Steven P now holds 9,528 shares, worth roughly $4.0 million.

DA Davidson initiated its TopBuild Corp [BLD] rating to a Buy in a research note published on March 05, 2024; the price target was $470. A number of analysts have revised their coverage, including Loop Capital’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Truist also remained covering BLD and has decreased its forecast on January 04, 2024 with a “Hold” recommendation from previously “Buy” rating. JP Morgan revised its rating on December 14, 2023. It rated BLD as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of BLD

On Tuesday, TopBuild Corp [NYSE:BLD] saw its stock jump 2.51% to $419.95. Over the last five days, the stock has gained 5.89%. TopBuild Corp shares have risen nearly 12.21% since the year began. Nevertheless, the stocks have risen 98.52% over the past one year. While a 52-week high of $452.87 was reached on 04/08/24, a 52-week low of $199.31 was recorded on 01/04/24. SMA at 50 days reached $414.17, while 200 days put it at $336.46. A total of 0.32 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For BLD Stock

The 24-hour chart illustrates a support level at 412.83, which if violated will result in even more drops to 405.70. On the upside, there is a resistance level at 425.66. A further resistance level may holdings at 431.37. The Relative Strength Index (RSI) on the 14-day chart is 55.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.68%. Stochastics %K at 79.40% indicates the stock is a holding.

The most recent change occurred on November 16, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $355 price target.

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