Tyler Technologies, Inc.’s recently made public that its President and CEO MOORE H LYNN JR unloaded Company’s shares for reported $2.88 million on Sep 12 ’24. In the deal valued at $576.62 per share,5,000 shares were sold. As a result of this transaction, MOORE H LYNN JR now holds 75,000 shares worth roughly $43.34 million.
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Then, MOORE H LYNN JR sold 5,000 shares, generating $2,954,916 in total proceeds. Upon selling the shares at $590.98, the President and CEO now owns 75,000 shares.
Before that, MOORE H LYNN JR bought 5,000 shares. Tyler Technologies, Inc. shares valued at $2,883,088 were divested by the Officer at a price of $576.62 per share.
Needham reiterated its Tyler Technologies, Inc. [TYL] rating to a Buy in a research note published on May 21, 2024; the price target was $600. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in late April has reiterated a ‘”an Outperform”‘ rating for it. Oppenheimer started covering the stock on October 17, 2023. It rated TYL as “an Outperform”.
Price Performance Review of TYL
On Friday, Tyler Technologies, Inc. [NYSE:TYL] saw its stock fall -0.42% to $577.80. Over the last five days, the stock has lost -0.71%. Tyler Technologies, Inc. shares have risen nearly 38.19% since the year began. Nevertheless, the stocks have risen 47.20% over the past one year. While a 52-week high of $598.93 was reached on 09/10/24, a 52-week low of $361.16 was recorded on 04/17/24. SMA at 50 days reached $569.39, while 200 days put it at $475.16.
Levels Of Support And Resistance For TYL Stock
The 24-hour chart illustrates a support level at 572.08, which if violated will result in even more drops to 566.36. On the upside, there is a resistance level at 581.60. A further resistance level may holdings at 585.41. The Relative Strength Index (RSI) on the 14-day chart is 49.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.19%. Stochastics %K at 32.52% indicates the stock is a holding.
How much short interest is there in Tyler Technologies, Inc.?
A steep rise in short interest was recorded in Tyler Technologies, Inc. stocks on 2024-08-30, dropping by -0.15 million shares to a total of 0.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.77 million shares. There was a decline of -24.83%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 21, 2023 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $472 price target.
