Target Corp’s recently made public that its Officer LIU DON H acquired Company’s shares for reported $1.04 million on Aug 26 ’24. In the deal valued at $160.00 per share,6,500 shares were bought.
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Then, LIU DON H sold 6,250 shares, generating $1,000,000 in total proceeds. Upon selling the shares at $160.00, the Executive Officer now owns 31,216 shares.
Before that, LIU DON H bought 6,250 shares. Target Corp shares valued at $1,000,000 were divested by the Officer at a price of $160.00 per share.
Daiwa Securities upgraded its Target Corp [TGT] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late August has reiterated a ‘”an Outperform”‘ rating for it. Evercore ISI also remained covering TGT and reiterated its “an In-line” recommendation on August 22, 2024.
Price Performance Review of TGT
On Monday, Target Corp [NYSE:TGT] saw its stock jump 0.25% to $158.90. Over the last five days, the stock has gained 9.87%. Target Corp shares have risen nearly 11.57% since the year began. Nevertheless, the stocks have risen 28.04% over the past one year. While a 52-week high of $181.86 was reached on 04/01/24, a 52-week low of $102.93 was recorded on 08/05/24. SMA at 50 days reached $146.19, while 200 days put it at $148.93.
Levels Of Support And Resistance For TGT Stock
The 24-hour chart illustrates a support level at 157.30, which if violated will result in even more drops to 155.70. On the upside, there is a resistance level at 161.17. A further resistance level may holdings at 163.44. The Relative Strength Index (RSI) on the 14-day chart is 67.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.53%. Stochastics %K at 73.18% indicates the stock is a holding.
How much short interest is there in Target Corp?
A steep rise in short interest was recorded in Target Corp stocks on 2024-07-31, growing by 3.27 million shares to a total of 12.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 8.82 million shares. There was a rise of 27.06%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 03, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”an Underperform”‘ rating along with a $116 price target.
