Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Toll Brothers Inc. shares valued at $7,725,700 were sold by Yearley Douglas C. Jr. on Sep 27 ’24. At $154.51 per share, Yearley Douglas C. Jr. sold 50,000 shares. The insider’s holdings dropped to 246,382 shares worth approximately $37.7 million following the completion of this transaction.
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Also, Connor Martin P. sold 5,000 shares, netting a total of over 777,211 in proceeds. Following the sale of shares at $155.44 each, the insider now holds 9,721 shares.
Before that, McLean John A had sold 1,000 shares from its account. In a trade valued at $151,100, the Director traded Toll Brothers Inc. shares for $151.10 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $1.52 million.
As published in a research note from Seaport Research Partners on August 05, 2024, Toll Brothers Inc. [TOL] has been rated down from a Neutral to a Sell and the price target has been revised to $108. Analysts at Goldman upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in mid June. As of January 22, 2024, Seaport Research Partners has decreased its “Buy” rating to a “Neutral” for TOL. Earlier on January 08, 2024, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for TOL stock which previously was a “a Peer perform”.
Analyzing TOL Stock Performance
During the last five days, there has been a surge of approximately 1.79%. Over the course of the year, Toll Brothers Inc. shares have jumped approximately 48.88%. Shares of the company reached a 52-week high of $156.08 on 10/01/24 and a 52-week low of $95.46 on 01/24/24. A 50-day SMA is recorded $140.92, while a 200-day SMA reached $121.40. Nevertheless, trading volume fell to 0.9 million shares from 0.97 million shares the previous day.
Support And Resistance Levels for Toll Brothers Inc. (TOL)
According to the 24-hour chart, there is a support level at 151.41, which, if violated, would cause prices to drop to 149.80. In the upper region, resistance lies at 154.47. The next price resistance is at 155.92. RSI (Relative Strength Index) is 61.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.98, which suggests the price will increase in the coming days. Percent R is at 32.78%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
