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. Target Corp shares valued at $786,048 were sold by HENNINGTON CHRISTINA on Mar 21 ’24. At $170.88 per share, HENNINGTON CHRISTINA sold 4,600 shares. The insider’s holdings dropped to 38,487 shares worth approximately $5.51 million following the completion of this transaction.
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Also, Kremer Melissa K sold 3,000 shares, netting a total of over 495,150 in proceeds. Following the sale of shares at $165.05 each, the insider now holds 30,527 shares.
Before that, Cornell Brian C had sold 45,000 shares from its account. In a trade valued at $7,538,544, the Executive Officer traded Target Corp shares for $167.52 each. Upon closing the transaction, the insider’s holdings decreased to 45,000 shares, worth approximately $49.7 million.
As published in a research note from Citigroup on May 07, 2024, Target Corp [TGT] has been rated up from a Neutral to a Buy and the price target has been revised to $180. Analysts at Gordon Haskett resumed the stock at ‘”a Buy”‘ outlook in a report released in early April. As of March 06, 2024, HSBC Securities has increased its “Hold” rating to a “Buy” for TGT. Earlier on March 06, 2024, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for TGT stock which previously was a “a Hold”.
Analyzing TGT Stock Performance
During the last five days, there has been a drop of approximately -9.04%. Over the course of the year, Target Corp shares have jumped approximately 0.60%. Shares of the company reached a 52-week high of $181.86 on 04/01/24 and a 52-week low of $135.67 on 01/18/24. A 50-day SMA is recorded $165.48, while a 200-day SMA reached $139.40. Nevertheless, trading volume fell to 18.64 million shares from 6.29 million shares the previous day.
Support And Resistance Levels for Target Corp (TGT)
According to the 24-hour chart, there is a support level at 140.28, which, if violated, would cause prices to drop to 137.28. In the upper region, resistance lies at 145.97. The next price resistance is at 148.66. RSI (Relative Strength Index) is 24.66 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.49, which suggests the price will decrease in the coming days. Percent R is at 87.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
