Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Interface Inc. shares valued at $361,400 were sold by HENDRIX DANIEL T on Aug 23 ’24. At $18.07 per share, HENDRIX DANIEL T sold 20,000 shares. The insider’s holdings dropped to 171,147 shares worth approximately $3.2 million following the completion of this transaction.
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Also, HENDRIX DANIEL T purchased 20,000 shares, netting a total of over 361,430 in proceeds.
Before that, HENDRIX DANIEL T had sold 3,555 shares from its account. In a trade valued at $62,319, the Director traded Interface Inc. shares for $17.53 each. Upon closing the transaction, the insider’s holdings decreased to 3,555 shares, worth approximately $3.57 million.
As published in their initiating research note from Barrington Research on April 15, 2024, Interface Inc. [TILE] has been an Outperform and the price target has been revised to $20. Analysts at Longbow upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early March. As of February 22, 2023, Truist has decreased its “Buy” rating to a “Hold” for TILE. Earlier on November 08, 2021, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for TILE stock which previously was a “a Mkt perform”.
Analyzing TILE Stock Performance
During the last five days, there has been a surge of approximately 3.55%. Over the course of the year, Interface Inc. shares have jumped approximately 47.94%. Shares of the company reached a 52-week high of $19.25 on 09/17/24 and a 52-week low of $11.48 on 01/17/24. A 50-day SMA is recorded $17.34, while a 200-day SMA reached $15.07. Nevertheless, trading volume fell to 0.57 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Interface Inc. (TILE)
According to the 24-hour chart, there is a support level at 18.45, which, if violated, would cause prices to drop to 18.23. In the upper region, resistance lies at 19.00. The next price resistance is at 19.33. RSI (Relative Strength Index) is 59.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.44, which suggests the price will decrease in the coming days. Percent R is at 31.69%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
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