Textron Inc.’s recent filing unveils that its Director BADER KATHLEEN M unloaded Company’s shares for reported $1.04 million on May 16 ’24. In the deal valued at $87.91 per share,11,870 shares were sold. As a result of this transaction, BADER KATHLEEN M now holds 3,756 shares worth roughly $-0.33 million.
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Then, Lupone E Robert sold 48,825 shares, generating $4,158,484 in total proceeds. Upon selling the shares at $85.17, the EVP, General Counsel & Secy now owns 97,993 shares.
Before that, Lupone E Robert sold 8,380 shares. Textron Inc. shares valued at $713,192 were divested by the EVP, General Counsel & Secy at a price of $85.11 per share. As a result of the transaction, Lupone E Robert now holds 97,993 shares, worth roughly $8.67 million.
TD Cowen downgraded its Textron Inc. [TXT] rating to a Hold from a a Buy in a research note published on September 25, 2024; the price target was decreased to $95 from $103. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “an Equal-weight”. BofA Securities also remained covering TXT and has increased its forecast on March 08, 2024 with a “Buy” recommendation from previously “Neutral” rating. UBS started covering the stock on October 11, 2023. It rated TXT as “a Sell”.
Price Performance Review of TXT
On Monday, Textron Inc. [NYSE:TXT] saw its stock jump 0.53% to $88.43. Over the last five days, the stock has gained 3.09%. Textron Inc. shares have risen nearly 9.96% since the year began. Nevertheless, the stocks have risen 12.97% over the past one year. While a 52-week high of $97.33 was reached on 04/08/24, a 52-week low of $74.13 was recorded on 01/17/24. SMA at 50 days reached $87.32, while 200 days put it at $87.82.
Levels Of Support And Resistance For TXT Stock
The 24-hour chart illustrates a support level at 87.74, which if violated will result in even more drops to 87.04. On the upside, there is a resistance level at 88.81. A further resistance level may holdings at 89.18. The Relative Strength Index (RSI) on the 14-day chart is 55.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.41%. Stochastics %K at 75.87% indicates the stock is a holding.
How much short interest is there in Textron Inc.?
A steep rise in short interest was recorded in Textron Inc. stocks on 2024-09-30, growing by 0.14 million shares to a total of 3.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.68 million shares. There was a rise of 3.63%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 06, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $90 price target.
