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 $49.42 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 $4.32 million.
Analysts at Exane BNP Paribas started covering the stock with ‘”an Underperform”‘ outlook in a report released in early June. As of May 23, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for TGT. Earlier on May 07, 2024, Citigroup upgraded its rating. Their new recommendation was “a Buy” for TGT stock which previously was a “a Neutral”.
Analyzing TGT Stock Performance
During the last five days, there has been a surge of approximately 5.74%. Over the course of the year, Target Corp shares have dropped approximately -0.53%. Shares of the company reached a 52-week high of $181.86 on 04/01/24 and a 52-week low of $132.42 on 08/05/24. A 50-day SMA is recorded $145.35, while a 200-day SMA reached $147.48. Nevertheless, trading volume fell to 4.63 million shares from 3.77 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 140.19, which, if violated, would cause prices to drop to 138.71. In the upper region, resistance lies at 143.51. The next price resistance is at 145.35. RSI (Relative Strength Index) is 48.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.34, which suggests the price will decrease in the coming days. Percent R is at 53.74%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
