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The Potential Rise in the Price of TJX Companies, Inc. (TJX) following insiders activity

TJX Companies, Inc.’s recent filing unveils that its SEVP, CFO Klinger John unloaded Company’s shares for reported $0.71 million on Jun 03 ’24. In the deal valued at $105.10 per share,6,785 shares were sold. As a result of this transaction, Klinger John now holds 42,397 shares worth roughly $4.6 million.

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Then, Canestrari Kenneth sold 10,744 shares, generating $1,117,459 in total proceeds. Upon selling the shares at $104.01, the SEVP – Group President now owns 100,149 shares.

Before that, Greenlees Louise sold 8,171 shares. TJX Companies, Inc. shares valued at $831,277 were divested by the SEVP – Group President at a price of $101.73 per share. As a result of the transaction, Greenlees Louise now holds 49,570 shares, worth roughly $5.38 million.

UBS upgraded its TJX Companies, Inc. [TJX] rating to a Buy from a a Neutral in a research note published on May 02, 2024; the price target was increased to $132 from $104. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in late April from “a Neutral” to “a Buy”. Redburn Atlantic also remained covering TJX and has decreased its forecast on February 05, 2024 with a “Neutral” recommendation from previously “Buy” rating. Telsey Advisory Group maintained its rating on November 16, 2023. It rated TJX as “an Outperform”.

Price Performance Review of TJX

On Friday, TJX Companies, Inc. [NYSE:TJX] saw its stock jump 0.22% to $108.50. Over the last five days, the stock has gained 0.99%. TJX Companies, Inc. shares have risen nearly 15.66% since the year began. Nevertheless, the stocks have risen 35.79% over the past one year. While a 52-week high of $108.58 was reached on 06/14/24, a 52-week low of $79.62 was recorded on 01/04/24. SMA at 50 days reached $99.17, while 200 days put it at $94.58. A total of 3.7 million shares were traded, compared to the trading of 5.64 million shares in the previous session.

Levels Of Support And Resistance For TJX Stock

The 24-hour chart illustrates a support level at 107.95, which if violated will result in even more drops to 107.41. On the upside, there is a resistance level at 108.93. A further resistance level may holdings at 109.37. The Relative Strength Index (RSI) on the 14-day chart is 73.66, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.10%. Stochastics %K at 91.97% indicates the stock is a selling.

The most recent change occurred on November 07, 2023 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $105 price target.

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