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. Toll Brothers Inc. shares valued at $463,730 were sold by Connor Martin P. on Jun 12 ’24. At $121.84 per share, Connor Martin P. sold 3,806 shares. The insider’s holdings dropped to 24,721 shares worth approximately $3.19 million following the completion of this transaction.
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Also, Connor Martin P. sold 16,194 shares, netting a total of over 1,922,842 in proceeds. Following the sale of shares at $118.74 each, the insider now holds 28,527 shares.
Before that, GARVEY CHRISTINE had sold 170 shares from its account. In a trade valued at $20,737, the Director traded Toll Brothers Inc. shares for $121.98 each. Upon closing the transaction, the insider’s holdings decreased to 170 shares, worth approximately $1.05 million.
As published in a research note from Seaport Research Partners on August 05, 2024, Toll Brothers Inc. [TOL] has been rated down from a Neutral to a Sell and the price target has been revised to $108. Analysts at Goldman upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in mid June. As of January 22, 2024, Seaport Research Partners has decreased its “Buy” rating to a “Neutral” for TOL. Earlier on January 08, 2024, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for TOL stock which previously was a “a Peer perform”.
Analyzing TOL Stock Performance
During the last five days, there has been a surge of approximately 1.82%. Over the course of the year, Toll Brothers Inc. shares have jumped approximately 25.46%. Shares of the company reached a 52-week high of $146.75 on 07/31/24 and a 52-week low of $95.46 on 01/24/24. A 50-day SMA is recorded $123.89, while a 200-day SMA reached $111.42. Nevertheless, trading volume fell to 0.93 million shares from 1.33 million shares the previous day.
Support And Resistance Levels for Toll Brothers Inc. (TOL)
According to the 24-hour chart, there is a support level at 127.03, which, if violated, would cause prices to drop to 125.11. In the upper region, resistance lies at 130.37. The next price resistance is at 131.79. RSI (Relative Strength Index) is 50.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.83, which suggests the price will decrease in the coming days. Percent R is at 74.94%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
