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Insider Selling: BADER KATHLEEN M, Textron Inc. [TXT] Director divested 11,870 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Textron Inc. shares valued at $1,043,491 were sold by BADER KATHLEEN M on May 16 ’24. At $87.91 per share, BADER KATHLEEN M sold 11,870 shares. The insider’s holdings dropped to 3,756 shares worth approximately $0.32 million following the completion of this transaction.

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Also, Lupone E Robert sold 48,825 shares, netting a total of over 4,158,484 in proceeds. Following the sale of shares at $85.17 each, the insider now holds 97,993 shares.

Before that, Lupone E Robert had sold 8,380 shares from its account. In a trade valued at $713,192, the EVP, General Counsel & Secy traded Textron Inc. shares for $85.11 each. Upon closing the transaction, the insider’s holdings decreased to 8,380 shares, worth approximately $8.45 million.

As published in a research note from BofA Securities on March 08, 2024, Textron Inc. [TXT] has been rated up from a Neutral to a Buy and the price target has been revised to $105 from $85. Analysts at UBS started covering the stock with ‘”a Sell”‘ outlook in a report released in mid October. As of July 06, 2023, Citigroup has initiated its “Buy” rating for TXT. Earlier on May 24, 2023, Vertical Research downgraded its rating. Their new recommendation was “a Hold” for TXT stock which previously was a “a Buy”.

Analyzing TXT Stock Performance

During the last five days, there has been a drop of approximately -0.38%. Over the course of the year, Textron Inc. shares have jumped approximately 7.20%. Shares of the company reached a 52-week high of $97.33 on 04/08/24 and a 52-week low of $76.98 on 01/17/24. A 50-day SMA is recorded $87.06, while a 200-day SMA reached $84.05. Nevertheless, trading volume fell to 0.65 million shares from 0.63 million shares the previous day.

Support And Resistance Levels for Textron Inc. (TXT)

According to the 24-hour chart, there is a support level at 85.76, which, if violated, would cause prices to drop to 85.32. In the upper region, resistance lies at 86.49. The next price resistance is at 86.77. RSI (Relative Strength Index) is 47.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.33, which suggests the price will decrease in the coming days. Percent R is at 52.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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