Titan Machinery Inc’s filing revealed that its Chief Financial Officer Larsen Robert acquired Company’s shares for reported $4947.0 on May 28 ’24. In the deal valued at $17.99 per share,275 shares were bought. As a result of this transaction, Larsen Robert now holds 16,407 shares worth roughly $0.23 million.
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Then, Meyer David Joseph bought 55,000 shares, generating $996,600 in total proceeds. Upon buying the shares at $18.12, the Director now owns 1,805,000 shares.
Before that, Larsen Robert bought 417 shares. Titan Machinery Inc shares valued at $10,008 were divested by the Chief Financial Officer at a price of $24.00 per share. As a result of the transaction, Larsen Robert now holds 17,370 shares, worth roughly $0.25 million.
Northland Capital downgraded its Titan Machinery Inc [TITN] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Lake Street’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Hold”. B. Riley Securities also remained covering TITN and has decreased its forecast on June 05, 2024 with a “Neutral” recommendation from previously “Buy” rating. Lake Street started covering the stock on July 25, 2023. It rated TITN as “a Buy”.
Price Performance Review of TITN
On Friday, Titan Machinery Inc [NASDAQ:TITN] saw its stock fall -1.95% to $14.11. Over the last five days, the stock has gained 6.01%. Titan Machinery Inc shares have fallen nearly -51.14% since the year began. Nevertheless, the stocks have fallen -47.29% over the past one year. While a 52-week high of $29.30 was reached on 01/02/24, a 52-week low of $12.30 was recorded on 08/15/24. SMA at 50 days reached $15.09, while 200 days put it at $21.41.
Levels Of Support And Resistance For TITN Stock
The 24-hour chart illustrates a support level at 13.92, which if violated will result in even more drops to 13.73. On the upside, there is a resistance level at 14.36. A further resistance level may holdings at 14.62. The Relative Strength Index (RSI) on the 14-day chart is 50.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.76%. Stochastics %K at 47.75% indicates the stock is a holding.
How much short interest is there in Titan Machinery Inc?
A steep rise in short interest was recorded in Titan Machinery Inc stocks on 2024-08-30, growing by 0.32 million shares to a total of 0.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.49 million shares. There was a rise of 39.82%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 13, 2022 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $48 price target.