Titan Machinery Inc’s recently made public that its Director Meyer David Joseph acquired Company’s shares for reported $1.0 million on May 28 ’24. In the deal valued at $18.12 per share,55,000 shares were bought. As a result of this transaction, Meyer David Joseph now holds 1,805,000 shares worth roughly $28.7 million.
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Then, Larsen Robert bought 275 shares, generating $4,947 in total proceeds. Upon buying the shares at $17.99, the Chief Financial Officer now owns 16,407 shares.
Before that, Larsen Robert bought 417 shares. Titan Machinery Inc shares valued at $10,008 were divested by the Chief Financial Officer at a price of $24.00 per share. As a result of the transaction, Larsen Robert now holds 17,370 shares, worth roughly $0.28 million.
B. Riley Securities downgraded its Titan Machinery Inc [TITN] rating to a Neutral from a a Buy in a research note published on June 05, 2024; the price target was decreased to $20 from $32. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. B. Riley Securities began covering TITN with “Buy” recommendation on December 13, 2022. Robert W. Baird revised its rating on November 24, 2021. It rated TITN as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of TITN
On Friday, Titan Machinery Inc [NASDAQ:TITN] saw its stock fall -0.50% to $15.90. Over the last five days, the stock has lost -1.61%. Titan Machinery Inc shares have fallen nearly -44.94% since the year began. Nevertheless, the stocks have fallen -46.21% over the past one year. While a 52-week high of $34.99 was reached on 01/02/24, a 52-week low of $15.65 was recorded on 06/25/24. SMA at 50 days reached $20.19, while 200 days put it at $24.47. A total of 0.55 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For TITN Stock
The 24-hour chart illustrates a support level at 15.73, which if violated will result in even more drops to 15.57. On the upside, there is a resistance level at 16.17. A further resistance level may holdings at 16.45. The Relative Strength Index (RSI) on the 14-day chart is 22.25, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.53%. Stochastics%K at 14.77% indicates the stock is a buying.
