Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Target Corp shares valued at $153,130 were sold by LIEGEL MATTHEW A on Aug 30 ’24. At $153.13 per share, LIEGEL MATTHEW A sold 1,000 shares. The insider’s holdings dropped to 7,276 shares worth approximately $1.12 million following the completion of this transaction.
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Also, LIEGEL MATTHEW A purchased 1,000 shares, netting a total of over 153,130 in proceeds.
Before that, Cornell Brian C had sold 45,000 shares from its account. In a trade valued at $7,140,109, the Executive Officer traded Target Corp shares for $158.67 each. Upon closing the transaction, the insider’s holdings decreased to 45,000 shares, worth approximately $46.67 million.
As published in a research note from Daiwa Securities on August 26, 2024, Target Corp [TGT] has been rated up from a Neutral to an Outperform and the price target has been revised to $170. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late August. As of August 22, 2024, Evercore ISI has reiterated its “an In-line” rating for TGT.
Analyzing TGT Stock Performance
During the last five days, there has been a surge of approximately 4.28%. Over the course of the year, Target Corp shares have jumped approximately 7.85%. Shares of the company reached a 52-week high of $181.86 on 04/01/24 and a 52-week low of $132.42 on 08/05/24. A 50-day SMA is recorded $148.18, while a 200-day SMA reached $151.18. Nevertheless, trading volume fell to 3.27 million shares from 3.16 million shares the previous day.
Support And Resistance Levels for Target Corp (TGT)
According to the 24-hour chart, there is a support level at 151.99, which, if violated, would cause prices to drop to 150.37. In the upper region, resistance lies at 155.63. The next price resistance is at 157.66. RSI (Relative Strength Index) is 57.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.47, which suggests the price will increase in the coming days. Percent R is at 22.95%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
