Target Corp’s filing revealed that its Executive Officer Cornell Brian C unloaded Company’s shares for reported $6.81 million on Jun 04 ’24. In the deal valued at $151.36 per share,45,000 shares were sold. As a result of this transaction, Cornell Brian C now holds 348,843 shares worth roughly $49.24 million.
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Then, HENNINGTON CHRISTINA sold 4,600 shares, generating $786,048 in total proceeds. Upon selling the shares at $170.88, the Executive Officer now owns 38,487 shares.
Before that, Kremer Melissa K sold 3,000 shares. Target Corp shares valued at $495,150 were divested by the Executive Officer at a price of $165.05 per share. As a result of the transaction, Kremer Melissa K now holds 30,527 shares, worth roughly $4.31 million.
Exane BNP Paribas initiated its Target Corp [TGT] rating to an Underperform in a research note published on June 03, 2024; the price target was $116. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late May has reiterated a ‘”an Outperform”‘ rating for it. Citigroup also remained covering TGT and has increased its forecast on May 07, 2024 with a “Buy” recommendation from previously “Neutral” rating. Gordon Haskett maintained its rating on April 04, 2024. It rated TGT as “a Buy”.
Price Performance Review of TGT
On Friday, Target Corp [NYSE:TGT] saw its stock fall -2.43% to $141.16. Over the last five days, the stock has lost -3.32%. Target Corp shares have fallen nearly -0.88% since the year began. Nevertheless, the stocks have risen 5.95% over the past one year. While a 52-week high of $181.86 was reached on 04/01/24, a 52-week low of $102.93 was recorded on 01/18/24. SMA at 50 days reached $157.90, while 200 days put it at $141.00. A total of 4.98 million shares were traded, compared to the trading of 3.47 million shares in the previous session.
Levels Of Support And Resistance For TGT Stock
The 24-hour chart illustrates a support level at 139.09, which if violated will result in even more drops to 137.03. On the upside, there is a resistance level at 143.51. A further resistance level may holdings at 145.87. The Relative Strength Index (RSI) on the 14-day chart is 33.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.86%. Stochastics %K at 17.20% indicates the stock is a buying.
