Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Tronox Holdings plc shares valued at $180,091 were sold by Engle Jeffrey A. on Mar 06 ’24. At $14.95 per share, Engle Jeffrey A. sold 12,050 shares. The insider’s holdings dropped to 98,409 shares worth approximately $1.32 million following the completion of this transaction.
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Also, Flood Jonathan sold 5,350 shares, netting a total of over 79,925 in proceeds. Following the sale of shares at $14.94 each, the insider now holds 37,555 shares.
Before that, Neuman Jeffrey N had sold 23,500 shares from its account. In a trade valued at $351,250, the SVP, General Counsel & Sec. traded Tronox Holdings plc shares for $14.95 each. Upon closing the transaction, the insider’s holdings decreased to 23,500 shares, worth approximately $3.49 million.
As published in their initiating research note from Mizuho on June 07, 2024, Tronox Holdings plc [TROX] has been a Neutral and the price target has been revised to $22. Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid December. As of October 27, 2023, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for TROX. Earlier on September 07, 2023, UBS downgraded its rating. Their new recommendation was “a Neutral” for TROX stock which previously was a “a Buy”.
Analyzing TROX Stock Performance
During the last five days, there has been a surge of approximately 6.17%. Over the course of the year, Tronox Holdings plc shares have dropped approximately -5.16%. Shares of the company reached a 52-week high of $20.70 on 06/03/24 and a 52-week low of $11.93 on 01/18/24. A 50-day SMA is recorded $16.44, while a 200-day SMA reached $15.39. Nevertheless, trading volume fell to 0.6 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for Tronox Holdings plc (TROX)
According to the 24-hour chart, there is a support level at 13.28, which, if violated, would cause prices to drop to 13.12. In the upper region, resistance lies at 13.52. The next price resistance is at 13.60. RSI (Relative Strength Index) is 36.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.93, which suggests the price will decrease in the coming days. Percent R is at 72.69%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
