Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Toro Co. shares valued at $1,903,800 were sold by Olson Richard M on Jun 21 ’24. At $95.19 per share, Olson Richard M sold 20,000 shares. The insider’s holdings dropped to 17,913 shares worth approximately $1.47 million following the completion of this transaction.
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Also, Funk Edric C sold 615 shares, netting a total of over 55,078 in proceeds. Following the sale of shares at $89.57 each, the insider now holds 0 shares.
Before that, Ellis Gary Lee had sold 5,192 shares from its account. In a trade valued at $460,764, the Director traded Toro Co. shares for $88.75 each. Upon closing the transaction, the insider’s holdings decreased to 5,192 shares, worth approximately $2.72 million.
As published in a research note from DA Davidson on December 05, 2023, Toro Co. [TTC] has been rated down from a Buy to a Neutral and the price target has been revised to $87 from $110. Analysts at DA Davidson started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of May 19, 2023, CL King has initiated its “Buy” rating for TTC. Earlier on April 17, 2023, Northland Capital initiated its rating. Their recommendation was “a Market perform” for TTC stock.
Analyzing TTC Stock Performance
During the last five days, there has been a drop of approximately -5.53%. Over the course of the year, Toro Co. shares have dropped approximately -14.29%. Shares of the company reached a 52-week high of $100.93 on 07/18/24 and a 52-week low of $77.15 on 05/30/24. A 50-day SMA is recorded $87.32, while a 200-day SMA reached $90.03. Nevertheless, trading volume fell to 0.86 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Toro Co. (TTC)
According to the 24-hour chart, there is a support level at 81.31, which, if violated, would cause prices to drop to 80.34. In the upper region, resistance lies at 83.51. The next price resistance is at 84.74. RSI (Relative Strength Index) is 35.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.87, which suggests the price will decrease in the coming days. Percent R is at 89.58%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
