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Seaport Research Partners downgrades Toll Brothers Inc. (TOL) rating to a Sell

In a filing, Toll Brothers Inc. revealed its Officer Yearley Douglas C. Jr. acquired Company’s shares for reported $3.83 million on Sep 19 ’24. In the deal valued at $153.05 per share,25,000 shares were bought.

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Then, Connor Martin P. sold 22,673 shares, generating $3,248,610 in total proceeds. Upon selling the shares at $143.28, the Chief Financial Officer now owns 14,721 shares.

Before that, Connor Martin P. bought 22,673 shares. Toll Brothers Inc. shares valued at $3,248,520 were divested by the Officer at a price of $143.28 per share.

Seaport Research Partners downgraded its Toll Brothers Inc. [TOL] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid June from “a Sell” to “a Neutral”. Seaport Research Partners also remained covering TOL and has decreased its forecast on January 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wolfe Research revised its rating on January 08, 2024. It rated TOL as “an Outperform” which previously was an “a Peer perform”.

Price Performance Review of TOL

On Friday, Toll Brothers Inc. [NYSE:TOL] saw its stock fall -1.75% to $150.44. Over the last five days, the stock has gained 0.43%. Toll Brothers Inc. shares have risen nearly 46.36% since the year began. Nevertheless, the stocks have risen 96.37% over the past one year. While a 52-week high of $154.62 was reached on 09/18/24, a 52-week low of $68.08 was recorded on 01/24/24. SMA at 50 days reached $137.20, while 200 days put it at $119.00.

Levels Of Support And Resistance For TOL Stock

The 24-hour chart illustrates a support level at 149.02, which if violated will result in even more drops to 147.59. On the upside, there is a resistance level at 152.39. A further resistance level may holdings at 154.34. The Relative Strength Index (RSI) on the 14-day chart is 64.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.55%. Stochastics %K at 82.54% indicates the stock is a selling.

How much short interest is there in Toll Brothers Inc.?

A steep rise in short interest was recorded in Toll Brothers Inc. stocks on 2024-08-30, growing by 0.13 million shares to a total of 4.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.91 million shares. There was a rise of 3.32%, which implies that there is a positive sentiment for the stock.

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