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The Attractiveness of Investing In Tractor Supply Co. (TSCO) is Growing

In a filing, Tractor Supply Co. revealed its Officer Rubin Matthew L. acquired Company’s shares for reported $0.14 million on Aug 12 ’24. In the deal valued at $262.35 per share,540 shares were bought.

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Then, Barton Kurt D sold 4,335 shares, generating $1,114,095 in total proceeds. Upon selling the shares at $257.00, the EVP Chief Financial Officer now owns 20,678 shares.

Before that, Yankee Colin sold 8,675 shares. Tractor Supply Co. shares valued at $2,168,750 were divested by the EVP Chief Supply Chain Officer at a price of $250.00 per share. As a result of the transaction, Yankee Colin now holds 9,673 shares, worth roughly $2.54 million.

Telsey Advisory Group reiterated its Tractor Supply Co. [TSCO] rating to an Outperform in a research note published on July 26, 2024; the price target was $300. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early May has reiterated a ‘”an Outperform”‘ rating for it. Telsey Advisory Group also remained covering TSCO and reiterated its “an Outperform” recommendation on April 26, 2024. Telsey Advisory Group maintained its rating on April 19, 2024. It rated TSCO as “an Outperform”.

Price Performance Review of TSCO

On Monday, Tractor Supply Co. [NASDAQ:TSCO] saw its stock jump 0.66% to $262.23. Over the last five days, the stock has gained 2.37%. Tractor Supply Co. shares have risen nearly 21.95% since the year began. Nevertheless, the stocks have risen 17.98% over the past one year. While a 52-week high of $290.38 was reached on 06/18/24, a 52-week low of $185.00 was recorded on 01/03/24. SMA at 50 days reached $268.61, while 200 days put it at $244.22.

Levels Of Support And Resistance For TSCO Stock

The 24-hour chart illustrates a support level at 259.16, which if violated will result in even more drops to 256.08. On the upside, there is a resistance level at 265.32. A further resistance level may holdings at 268.40. The Relative Strength Index (RSI) on the 14-day chart is 48.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.92%. Stochastics%K at 57.43% indicates the stock is a holding.

How much short interest is there in Tractor Supply Co.?

A steep rise in short interest was recorded in Tractor Supply Co. stocks on , dropping by 87843.0 shares to a total of 6.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 7.08 million shares. There was a decline of -1.26%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 19, 2024 when Mizuho began covering the stock and recommended ‘”a Neutral”‘ rating along with a $245 price target.

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