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TopBuild Corp [BLD] Investment Appeal on the Rise

TopBuild Corp’s filing revealed that its President and CEO Buck Robert M unloaded Company’s shares for reported $1.05 million on Jun 12 ’24. In the deal valued at $418.05 per share,2,500 shares were sold. As a result of this transaction, Buck Robert M now holds 69,468 shares worth roughly $25.97 million.

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Then, TAYLOR NANCY M sold 300 shares, generating $124,743 in total proceeds. Upon selling the shares at $415.81, the Director now owns 5,920 shares.

Before that, Donikowski Tina sold 640 shares. TopBuild Corp shares valued at $279,110 were divested by the Director at a price of $436.11 per share. As a result of the transaction, Donikowski Tina now holds 4,100 shares, worth roughly $1.53 million.

DA Davidson initiated its TopBuild Corp [BLD] rating to a Buy in a research note published on March 05, 2024; the price target was $470. A number of analysts have revised their coverage, including Loop Capital’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Truist also remained covering BLD and has decreased its forecast on January 04, 2024 with a “Hold” recommendation from previously “Buy” rating. JP Morgan revised its rating on December 14, 2023. It rated BLD as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of BLD

On Tuesday, TopBuild Corp [NYSE:BLD] saw its stock fall -1.59% to $373.82. Over the last five days, the stock has lost -1.48%. TopBuild Corp shares have fallen nearly -0.12% since the year began. Nevertheless, the stocks have risen 40.52% over the past one year. While a 52-week high of $452.87 was reached on 04/08/24, a 52-week low of $217.08 was recorded on 01/04/24. SMA at 50 days reached $402.59, while 200 days put it at $355.60. A total of 0.33 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For BLD Stock

The 24-hour chart illustrates a support level at 371.14, which if violated will result in even more drops to 368.47. On the upside, there is a resistance level at 377.93. A further resistance level may holdings at 382.05. The Relative Strength Index (RSI) on the 14-day chart is 36.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.71%. Stochastics%K at 12.48% indicates the stock is a buying.

The most recent change occurred on November 16, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $355 price target.

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