Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Toll Brothers Inc. shares valued at $178,980 were sold by East Stephen F. on Apr 15 ’24. At $119.32 per share, East Stephen F. sold 1,500 shares. The insider’s holdings dropped to 9,389 shares worth approximately $1.12 million following the completion of this transaction.
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Also, SHAPIRO PAUL E sold 2,500 shares, netting a total of over 308,050 in proceeds. Following the sale of shares at $123.22 each, the insider now holds 120,107 shares.
Before that, Connor Martin P. had sold 5,000 shares from its account. In a trade valued at $619,500, the Chief Financial Officer traded Toll Brothers Inc. shares for $123.90 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $5.33 million.
As published in a research note from Seaport Research Partners on January 22, 2024, Toll Brothers Inc. [TOL] has been rated down from a Buy to a Neutral. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of November 02, 2023, Seaport Research Partners has increased its “Neutral” rating to a “Buy” for TOL. Earlier on October 17, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for TOL stock.
Analyzing TOL Stock Performance
During the last five days, there has been a drop of approximately -11.65%. Over the course of the year, Toll Brothers Inc. shares have jumped approximately 15.96%. Shares of the company reached a 52-week high of $135.37 on 05/15/24 and a 52-week low of $95.46 on 01/24/24. A 50-day SMA is recorded $123.00, while a 200-day SMA reached $97.62. Nevertheless, trading volume fell to 4.92 million shares from 2.03 million shares the previous day.
Support And Resistance Levels for Toll Brothers Inc. (TOL)
According to the 24-hour chart, there is a support level at 115.94, which, if violated, would cause prices to drop to 112.69. In the upper region, resistance lies at 125.02. The next price resistance is at 130.84. RSI (Relative Strength Index) is 41.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.76, which suggests the price will decrease in the coming days. Percent R is at 95.91%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
