Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Texas Instruments Inc. shares valued at $1,288,388 were sold by PATSLEY PAMELA H on Aug 29 ’24. At $212.43 per share, PATSLEY PAMELA H sold 6,065 shares. The insider’s holdings dropped to 33,348 shares worth approximately $6.54 million following the completion of this transaction.
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Also, Gary Mark sold 15,165 shares, netting a total of over 3,224,484 in proceeds. Following the sale of shares at $212.63 each, the insider now holds 45,143 shares.
Before that, Roberts Mark T. had sold 4,700 shares from its account. In a trade valued at $1,001,498, the Sr. Vice President traded Texas Instruments Inc. shares for $213.08 each. Upon closing the transaction, the insider’s holdings decreased to 4,700 shares, worth approximately $9.28 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 drop of approximately -2.76%. Over the course of the year, Texas Instruments Inc. shares have jumped approximately 14.97%. Shares of the company reached a 52-week high of $214.66 on 08/30/24 and a 52-week low of $155.46 on 02/13/24. A 50-day SMA is recorded $200.36, while a 200-day SMA reached $180.56. Nevertheless, trading volume fell to 7.2 million shares from 5.9 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 193.10, which, if violated, would cause prices to drop to 190.22. In the upper region, resistance lies at 200.43. The next price resistance is at 204.88. RSI (Relative Strength Index) is 44.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.33, which suggests the price will decrease in the coming days. Percent R is at 93.45%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
