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Target Corp [TGT] Shares Jump Approximately 7.51% Over the Year

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Target Corp shares valued at $6,811,250 were sold by Cornell Brian C on Jun 04 ’24. At $151.36 per share, Cornell Brian C sold 45,000 shares. The insider’s holdings dropped to 348,843 shares worth approximately $50.58 million following the completion of this transaction.

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Also, HENNINGTON CHRISTINA sold 4,600 shares, netting a total of over 786,048 in proceeds. Following the sale of shares at $170.88 each, the insider now holds 38,487 shares.

Before that, Kremer Melissa K had sold 3,000 shares from its account. In a trade valued at $495,150, the Executive Officer traded Target Corp shares for $165.05 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $4.43 million.

As published in their initiating research note from Exane BNP Paribas on June 03, 2024, Target Corp [TGT] has been an Underperform and the price target has been revised to $116. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late May. As of May 07, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for TGT. Earlier on April 04, 2024, Gordon Haskett resumed its rating. Their recommendation was “a Buy” for TGT stock.

Analyzing TGT Stock Performance

During the last five days, there has been a drop of approximately -1.48%. Over the course of the year, Target Corp shares have jumped approximately 1.80%. Shares of the company reached a 52-week high of $181.86 on 04/01/24 and a 52-week low of $135.67 on 01/18/24. A 50-day SMA is recorded $152.59, while a 200-day SMA reached $142.30. Nevertheless, trading volume fell to 1.63 million shares from 3.3 million shares the previous day.

Support And Resistance Levels for Target Corp (TGT)

According to the 24-hour chart, there is a support level at 144.04, which, if violated, would cause prices to drop to 143.27. In the upper region, resistance lies at 145.90. The next price resistance is at 146.99. RSI (Relative Strength Index) is 43.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.20, which suggests the price will decrease in the coming days. Percent R is at 52.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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