The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. TJX Companies, Inc. shares valued at $1,979,676 were sold by Herrman Ernie on Mar 21 ’24. At $98.98 per share, Herrman Ernie sold 20,000 shares. The insider’s holdings dropped to 515,801 shares worth approximately $52.16 million following the completion of this transaction.
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Also, Herrman Ernie sold 20,304 shares, netting a total of over 1,981,145 in proceeds. Following the sale of shares at $97.57 each, the insider now holds 535,801 shares.
Before that, Herrman Ernie had sold 20,000 shares from its account. In a trade valued at $1,967,916, the CEO & President traded TJX Companies, Inc. shares for $98.40 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $56.23 million.
As published in a research note from UBS on May 02, 2024, TJX Companies, Inc. [TJX] has been rated up from a Neutral to a Buy and the price target has been revised to $132 from $104. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late April. As of February 05, 2024, Redburn Atlantic has decreased its “Buy” rating to a “Neutral” for TJX. Earlier on November 16, 2023, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for TJX stock.
Analyzing TJX Stock Performance
During the last five days, there has been a surge of approximately 2.68%. Over the course of the year, TJX Companies, Inc. shares have jumped approximately 7.79%. Shares of the company reached a 52-week high of $104.98 on 05/22/24 and a 52-week low of $91.31 on 01/04/24. A 50-day SMA is recorded $97.08, while a 200-day SMA reached $93.22. Nevertheless, trading volume fell to 14.78 million shares from 7.66 million shares the previous day.
Support And Resistance Levels for TJX Companies, Inc. (TJX)
According to the 24-hour chart, there is a support level at 99.61, which, if violated, would cause prices to drop to 98.11. In the upper region, resistance lies at 103.80. The next price resistance is at 106.49. RSI (Relative Strength Index) is 64.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.39, which suggests the price will decrease in the coming days. Percent R is at 36.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
