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. Texas Instruments Inc. shares valued at $4,369,074 were purchased by JEAN M HOBBY on Aug 22 ’24. At $205.71 per share, JEAN M HOBBY acquired 21,239 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, TEMPLETON RICHARD K sold 100,440 shares, netting a total of over 17,925,682 in proceeds. Following the sale of shares at $178.47 each, the insider now holds 403,851 shares.
Before that, TEMPLETON RICHARD K had sold 104,000 shares from its account. In a trade valued at $18,286,283, the Chairman traded Texas Instruments Inc. shares for $175.83 each. Upon closing the transaction, the insider’s holdings decreased to 104,000 shares, worth approximately $82.29 million.
As published in a research note from Citigroup on August 21, 2024, Texas Instruments Inc. [TXN] has been rated up from a Neutral to a Buy and the price target has been revised to $235 from $200. Analysts at Wells Fargo started covering the stock with ‘”an Underweight”‘ outlook in a report released in mid May. As of May 13, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for TXN. Earlier on April 24, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for TXN stock.
Analyzing TXN Stock Performance
During the last five days, there has been a surge of approximately 0.91%. Over the course of the year, Texas Instruments Inc. shares have jumped approximately 19.54%. Shares of the company reached a 52-week high of $210.88 on 08/21/24 and a 52-week low of $155.46 on 02/13/24. A 50-day SMA is recorded $197.66, while a 200-day SMA reached $176.73. Nevertheless, trading volume fell to 6.88 million shares from 8.12 million shares the previous day.
Support And Resistance Levels for Texas Instruments Inc. (TXN)
According to the 24-hour chart, there is a support level at 201.17, which, if violated, would cause prices to drop to 198.56. In the upper region, resistance lies at 208.01. The next price resistance is at 212.24. RSI (Relative Strength Index) is 56.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.15, which suggests the price will increase in the coming days. Percent R is at 23.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
