The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Texas Roadhouse Inc shares valued at $121,800 were sold by Jones Wayne L. on Jul 30 ’24. At $174.00 per share, Jones Wayne L. sold 700 shares. The insider’s holdings dropped to 500 shares worth approximately $91330.0 following the completion of this transaction.
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Also, MOORE GREGORY N sold 2,000 shares, netting a total of over 343,280 in proceeds. Following the sale of shares at $171.64 each, the insider now holds 39,050 shares.
Before that, Jones Wayne L. had added 700 shares to its account. In a trade valued at $121,800, the Director bought Texas Roadhouse Inc shares for $174.00 each.
Analysts at The Benchmark Company started covering the stock with ‘”a Hold”‘ outlook in a report released in early April. As of March 13, 2024, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for TXRH. Earlier on February 20, 2024, Northcoast downgraded its rating. Their new recommendation was “a Neutral” for TXRH stock which previously was a “a Buy”.
Analyzing TXRH Stock Performance
During the last five days, there has been a surge of approximately 3.80%. Over the course of the year, Texas Roadhouse Inc shares have jumped approximately 49.44%. Shares of the company reached a 52-week high of $182.88 on 10/16/24 and a 52-week low of $115.48 on 01/16/24. A 50-day SMA is recorded $170.37, while a 200-day SMA reached $157.79. Nevertheless, trading volume fell to 0.67 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for Texas Roadhouse Inc (TXRH)
According to the 24-hour chart, there is a support level at 181.31, which, if violated, would cause prices to drop to 179.97. In the upper region, resistance lies at 183.44. The next price resistance is at 184.23. RSI (Relative Strength Index) is 64.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.99, which suggests the price will increase in the coming days. Percent R is at 2.20%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
