Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tractor Supply Co. shares valued at $141,669 were sold by Rubin Matthew L. on Aug 12 ’24. At $262.35 per share, Rubin Matthew L. sold 540 shares. The insider’s holdings dropped to 5,170 shares worth approximately $1.36 million following the completion of this transaction.
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Also, Rubin Matthew L. purchased 540 shares, netting a total of over 141,669 in proceeds.
Before that, Barton Kurt D had sold 4,335 shares from its account. In a trade valued at $1,114,095, the EVP Chief Financial Officer traded Tractor Supply Co. shares for $257.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,335 shares, worth approximately $5.44 million.
As published in a research note from Telsey Advisory Group on July 26, 2024, Tractor Supply Co. [TSCO] has been retained to an Outperform and the price target has been revised to $300. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early May. As of April 26, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for TSCO. Earlier on April 19, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for TSCO stock.
Analyzing TSCO Stock Performance
During the last five days, there has been a surge of approximately 0.80%. Over the course of the year, Tractor Supply Co. shares have jumped approximately 22.31%. Shares of the company reached a 52-week high of $290.38 on 06/18/24 and a 52-week low of $211.76 on 01/03/24. A 50-day SMA is recorded $267.87, while a 200-day SMA reached $245.27. Nevertheless, trading volume fell to 0.62 million shares from 0.56 million shares the previous day.
Support And Resistance Levels for Tractor Supply Co. (TSCO)
According to the 24-hour chart, there is a support level at 259.82, which, if violated, would cause prices to drop to 256.65. In the upper region, resistance lies at 267.70. The next price resistance is at 272.41. RSI (Relative Strength Index) is 49.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.12, which suggests the price will increase in the coming days. Percent R is at 28.68%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
