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Monitoring Textron Inc. (TXT) after recent insider movements

In a filing, Textron Inc. revealed its Director BADER KATHLEEN M unloaded Company’s shares for reported $1.04 million on May 16 ’24. In the deal valued at $87.91 per share,11,870 shares were sold. As a result of this transaction, BADER KATHLEEN M now holds 3,756 shares worth roughly $0.33 million.

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Then, Lupone E Robert sold 48,825 shares, generating $4,158,484 in total proceeds. Upon selling the shares at $85.17, the EVP, General Counsel & Secy now owns 97,993 shares.

Before that, Lupone E Robert sold 8,380 shares. Textron Inc. shares valued at $713,192 were divested by the EVP, General Counsel & Secy at a price of $85.11 per share. As a result of the transaction, Lupone E Robert now holds 97,993 shares, worth roughly $8.5 million.

BofA Securities upgraded its Textron Inc. [TXT] rating to a Buy from a a Neutral in a research note published on March 08, 2024; the price target was increased to $105 from $85. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid October with a ‘”a Sell”‘ rating. Citigroup began covering TXT with “Buy” recommendation on July 06, 2023. Vertical Research revised its rating on May 24, 2023. It rated TXT as “a Hold” which previously was an “a Buy”.

Price Performance Review of TXT

On Friday, Textron Inc. [NYSE:TXT] saw its stock jump 0.56% to $86.74. Over the last five days, the stock has gained 0.88%. Textron Inc. shares have risen nearly 7.86% since the year began. Nevertheless, the stocks have risen 30.32% over the past one year. While a 52-week high of $97.33 was reached on 04/08/24, a 52-week low of $64.42 was recorded on 01/17/24. SMA at 50 days reached $88.21, while 200 days put it at $83.64. A total of 2.67 million shares were traded, compared to the trading of 0.81 million shares in the previous session.

Levels Of Support And Resistance For TXT Stock

The 24-hour chart illustrates a support level at 86.08, which if violated will result in even more drops to 85.43. On the upside, there is a resistance level at 87.21. A further resistance level may holdings at 87.69. The Relative Strength Index (RSI) on the 14-day chart is 48.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.98%. Stochastics %K at 47.07% indicates the stock is a holding.

The most recent change occurred on April 06, 2023 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating.

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