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Telsey Advisory Group reiterates Tractor Supply Co. (TSCO) rating to an Outperform

Tractor Supply Co.’s recent filing unveils that its EVP Chief Financial Officer Barton Kurt D unloaded Company’s shares for reported $1.11 million on Mar 15 ’24. In the deal valued at $257.00 per share,4,335 shares were sold. As a result of this transaction, Barton Kurt D now holds 20,678 shares worth roughly $5.8 million.

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Then, Yankee Colin sold 8,675 shares, generating $2,168,750 in total proceeds. Upon selling the shares at $250.00, the EVP Chief Supply Chain Officer now owns 9,673 shares.

Before that, Ellison Noni L sold 6,199 shares. Tractor Supply Co. shares valued at $1,498,856 were divested by the SVP General Counsel at a price of $241.79 per share. As a result of the transaction, Ellison Noni L now holds 6,032 shares, worth roughly $1.69 million.

Telsey Advisory Group reiterated its Tractor Supply Co. [TSCO] rating to an Outperform in a research note published on May 01, 2024; the price target was $305. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late April has reiterated a ‘”an Outperform”‘ rating for it. Telsey Advisory Group also remained covering TSCO and reiterated its “an Outperform” recommendation on April 19, 2024. Mizuho started covering the stock on March 19, 2024. It rated TSCO as “a Neutral”.

Price Performance Review of TSCO

On Friday, Tractor Supply Co. [NASDAQ:TSCO] saw its stock fall -0.44% to $280.25. Over the last five days, the stock has gained 3.44%. Tractor Supply Co. shares have risen nearly 30.33% since the year began. Nevertheless, the stocks have risen 28.53% over the past one year. While a 52-week high of $287.89 was reached on 05/20/24, a 52-week low of $185.00 was recorded on 01/03/24. SMA at 50 days reached $268.47, while 200 days put it at $232.77. A total of 0.93 million shares were traded, compared to the trading of 1.08 million shares in the previous session.

Levels Of Support And Resistance For TSCO Stock

The 24-hour chart illustrates a support level at 277.93, which if violated will result in even more drops to 275.61. On the upside, there is a resistance level at 282.41. A further resistance level may holdings at 284.57. The Relative Strength Index (RSI) on the 14-day chart is 57.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.06%. Stochastics %K at 78.12% indicates the stock is a holding.

The most recent change occurred on February 02, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $250.

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