Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Target Corp shares valued at $997,715 were sold by Gomez Richard H. on Sep 27 ’24. At $157.17 per share, Gomez Richard H. sold 6,348 shares. The insider’s holdings dropped to 123,551 shares worth approximately $19.26 million following the completion of this transaction.
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Also, Gomez Richard H. purchased 6,348 shares, netting a total of over 997,716 in proceeds.
Before that, LIEGEL MATTHEW A had sold 1,000 shares from its account. In a trade valued at $153,130, the Chief Accounting Officer traded Target Corp shares for $153.13 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $1.13 million.
As published in a research note from Daiwa Securities on August 26, 2024, Target Corp [TGT] has been rated up from a Neutral to an Outperform and the price target has been revised to $170. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late August. As of August 22, 2024, Evercore ISI has reiterated its “an In-line” rating for TGT.
Analyzing TGT Stock Performance
During the last five days, there has been a drop of approximately -0.05%. Over the course of the year, Target Corp shares have jumped approximately 9.46%. Shares of the company reached a 52-week high of $181.86 on 04/01/24 and a 52-week low of $132.42 on 08/05/24. A 50-day SMA is recorded $151.43, while a 200-day SMA reached $152.94. Nevertheless, trading volume fell to 2.88 million shares from 3.12 million shares the previous day.
Support And Resistance Levels for Target Corp (TGT)
According to the 24-hour chart, there is a support level at 154.61, which, if violated, would cause prices to drop to 153.33. In the upper region, resistance lies at 158.07. The next price resistance is at 160.25. RSI (Relative Strength Index) is 53.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.95, which suggests the price will increase in the coming days. Percent R is at 40.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
