In a filing, Toll Brothers Inc. revealed its Chief Executive Officer Yearley Douglas C. Jr. unloaded Company’s shares for reported $3.96 million on Oct 16 ’24. In the deal valued at $158.23 per share,25,000 shares were sold. As a result of this transaction, Yearley Douglas C. Jr. now holds 221,382 shares worth roughly $35.33 million.
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Then, Yearley Douglas C. Jr. bought 25,000 shares, generating $3,955,634 in total proceeds.
Before that, Yearley Douglas C. Jr. sold 50,000 shares. Toll Brothers Inc. shares valued at $7,725,700 were divested by the Chief Executive Officer at a price of $154.51 per share. As a result of the transaction, Yearley Douglas C. Jr. now holds 246,382 shares, worth roughly $39.32 million.
Seaport Research Partners downgraded its Toll Brothers Inc. [TOL] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid June from “a Sell” to “a Neutral”. Seaport Research Partners also remained covering TOL and has decreased its forecast on January 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wolfe Research revised its rating on January 08, 2024. It rated TOL as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of TOL
On Friday, Toll Brothers Inc. [NYSE:TOL] saw its stock jump 1.86% to $159.58. Over the last five days, the stock has gained 6.49%. Toll Brothers Inc. shares have risen nearly 55.25% since the year began. Nevertheless, the stocks have risen 126.42% over the past one year. While a 52-week high of $158.93 was reached on 10/18/24, a 52-week low of $68.08 was recorded on 01/24/24. SMA at 50 days reached $145.44, while 200 days put it at $124.44.
Levels Of Support And Resistance For TOL Stock
The 24-hour chart illustrates a support level at 157.47, which if violated will result in even more drops to 155.37. On the upside, there is a resistance level at 160.90. A further resistance level may holdings at 162.23. The Relative Strength Index (RSI) on the 14-day chart is 67.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.96%. Stochastics %K at 89.01% indicates the stock is a selling.
How much short interest is there in Toll Brothers Inc.?
A steep rise in short interest was recorded in Toll Brothers Inc. stocks on 2024-09-30, dropping by -0.37 million shares to a total of 3.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.05 million shares. There was a decline of -9.96%, which implies that there is a negative sentiment for the stock.
