In a filing, Target Corp revealed its Executive Officer Gomez Richard H. unloaded Company’s shares for reported $1.0 million on Sep 27 ’24. In the deal valued at $157.17 per share,6,348 shares were sold. As a result of this transaction, Gomez Richard H. now holds 123,551 shares worth roughly $18.41 million.
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Then, Gomez Richard H. bought 6,348 shares, generating $997,716 in total proceeds.
Before that, LIEGEL MATTHEW A sold 1,000 shares. Target Corp shares valued at $153,130 were divested by the Chief Accounting Officer at a price of $153.13 per share. As a result of the transaction, LIEGEL MATTHEW A now holds 7,276 shares, worth roughly $1.08 million.
Daiwa Securities upgraded its Target Corp [TGT] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late August has reiterated a ‘”an Outperform”‘ rating for it. Evercore ISI also remained covering TGT and reiterated its “an In-line” recommendation on August 22, 2024.
Price Performance Review of TGT
On Monday, Target Corp [NYSE:TGT] saw its stock fall -2.54% to $149.00. Over the last five days, the stock has lost -4.40%. Target Corp shares have risen nearly 4.62% since the year began. Nevertheless, the stocks have risen 41.70% over the past one year. While a 52-week high of $181.86 was reached on 04/01/24, a 52-week low of $102.93 was recorded on 08/05/24. SMA at 50 days reached $149.01, while 200 days put it at $152.31.
Levels Of Support And Resistance For TGT Stock
The 24-hour chart illustrates a support level at 147.06, which if violated will result in even more drops to 145.13. On the upside, there is a resistance level at 151.78. A further resistance level may holdings at 154.57. The Relative Strength Index (RSI) on the 14-day chart is 43.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.81%. Stochastics %K at 28.70% indicates the stock is a holding.
How much short interest is there in Target Corp?
A steep rise in short interest was recorded in Target Corp stocks on 2024-09-13, growing by 1.21 million shares to a total of 14.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 13.08 million shares. There was a rise of 8.46%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 03, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”an Underperform”‘ rating along with a $116 price target.
