Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tractor Supply Co. shares valued at $1,114,095 were sold by Barton Kurt D on Mar 15 ’24. At $257.00 per share, Barton Kurt D sold 4,335 shares. The insider’s holdings dropped to 20,678 shares worth approximately $5.85 million following the completion of this transaction.
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Also, Yankee Colin sold 8,675 shares, netting a total of over 2,168,750 in proceeds. Following the sale of shares at $250.00 each, the insider now holds 9,673 shares.
Before that, Ellison Noni L had sold 6,199 shares from its account. In a trade valued at $1,498,856, the SVP General Counsel traded Tractor Supply Co. shares for $241.79 each. Upon closing the transaction, the insider’s holdings decreased to 6,199 shares, worth approximately $1.71 million.
As published in a research note from Telsey Advisory Group on May 01, 2024, Tractor Supply Co. [TSCO] has been retained to an Outperform and the price target has been revised to $305. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late April. As of April 19, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for TSCO. Earlier on March 19, 2024, Mizuho initiated its rating. Their recommendation was “a Neutral” for TSCO stock.
Analyzing TSCO Stock Performance
During the last five days, there has been a surge of approximately 2.46%. Over the course of the year, Tractor Supply Co. shares have jumped approximately 31.50%. Shares of the company reached a 52-week high of $287.89 on 05/20/24 and a 52-week low of $211.76 on 01/03/24. A 50-day SMA is recorded $262.18, while a 200-day SMA reached $228.13. Nevertheless, trading volume fell to 0.73 million shares from 1.05 million shares the previous day.
Support And Resistance Levels for Tractor Supply Co. (TSCO)
According to the 24-hour chart, there is a support level at 280.50, which, if violated, would cause prices to drop to 278.23. In the upper region, resistance lies at 285.92. The next price resistance is at 289.07. RSI (Relative Strength Index) is 66.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.86, which suggests the price will increase in the coming days. Percent R is at 23.44%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
