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 $-19.52 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 $1.15 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 -0.31% to $157.97. Over the last five days, the stock has gained 6.02%. Target Corp shares have risen nearly 10.92% since the year began. Nevertheless, the stocks have risen 42.57% over the past one year. While a 52-week high of $181.86 was reached on 04/01/24, a 52-week low of $105.23 was recorded on 08/05/24. SMA at 50 days reached $149.95, while 200 days put it at $152.71.
Levels Of Support And Resistance For TGT Stock
The 24-hour chart illustrates a support level at 156.49, which if violated will result in even more drops to 155.02. On the upside, there is a resistance level at 159.50. A further resistance level may holdings at 161.04. The Relative Strength Index (RSI) on the 14-day chart is 59.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.23%. Stochastics %K at 88.47% indicates the stock is a selling.
How much short interest is there in Target Corp?
A steep rise in short interest was recorded in Target Corp stocks on 2024-09-30, growing by 0.95 million shares to a total of 15.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 14.49 million shares. There was a rise of 6.18%, 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.
