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Insider Sale Alert: Toro Co. [TTC] – Is it Time to sell?

Toro Co.’s recent filing unveils that its Chairman & CEO Olson Richard M unloaded Company’s shares for reported $1.9 million on Jun 21 ’24. In the deal valued at $95.19 per share,20,000 shares were sold. As a result of this transaction, Olson Richard M now holds 17,913 shares worth roughly $1.5 million.

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Then, Funk Edric C sold 615 shares, generating $55,078 in total proceeds. Upon selling the shares at $89.57, the Group VP, Golf, Grounds & Irr now owns 0 shares.

Before that, Ellis Gary Lee sold 5,192 shares. Toro Co. shares valued at $460,764 were divested by the Director at a price of $88.75 per share. As a result of the transaction, Ellis Gary Lee now holds 33,051 shares, worth roughly $2.76 million.

DA Davidson downgraded its Toro Co. [TTC] rating to a Neutral from a a Buy in a research note published on December 05, 2023; the price target was decreased to $87 from $110. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. CL King began covering TTC with “Buy” recommendation on May 19, 2023. Northland Capital started covering the stock on April 17, 2023. It rated TTC as “a Market perform”.

Price Performance Review of TTC

On Monday, Toro Co. [NYSE:TTC] saw its stock fall -0.56% to $83.51. Over the last five days, the stock has lost -3.71%. Toro Co. shares have fallen nearly -13.00% since the year began. Nevertheless, the stocks have risen 0.71% over the past one year. While a 52-week high of $102.00 was reached on 07/18/24, a 52-week low of $77.15 was recorded on 05/30/24. SMA at 50 days reached $88.07, while 200 days put it at $90.25.

Levels Of Support And Resistance For TTC Stock

The 24-hour chart illustrates a support level at 83.06, which if violated will result in even more drops to 82.62. On the upside, there is a resistance level at 83.94. A further resistance level may holdings at 84.38. The Relative Strength Index (RSI) on the 14-day chart is 37.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.08%. Stochastics %K at 29.96% indicates the stock is a holding.

How much short interest is there in Toro Co.?

A steep rise in short interest was recorded in Toro Co. stocks on 2024-09-13, dropping by -1.1 million shares to a total of 5.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.48 million shares. There was a decline of -20.46%, which implies that there is a negative sentiment for the stock.

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