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. Thor Industries, Inc. shares valued at $500,710 were sold by ZUHL COLLEEN A on Oct 16 ’24. At $115.00 per share, ZUHL COLLEEN A sold 4,354 shares. The insider’s holdings dropped to 131,905 shares worth approximately $13.75 million following the completion of this transaction.
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Also, ZUHL COLLEEN A purchased 4,354 shares, netting a total of over 500,710 in proceeds.
Before that, WOELFER W. TODD had sold 3,333 shares from its account. In a trade valued at $391,628, the SVP, CHIEF OPERATING OFFICER traded Thor Industries, Inc. shares for $117.50 each. Upon closing the transaction, the insider’s holdings decreased to 3,333 shares, worth approximately $9.91 million.
As published in their initiating research note from The Benchmark Company on July 18, 2024, Thor Industries, Inc. [THO] has been a Hold. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid March. As of April 19, 2023, KeyBanc Capital Markets has initiated its “Sector weight” rating for THO. Earlier on January 09, 2023, DA Davidson upgraded its rating. Their new recommendation was “a Neutral” for THO stock which previously was a “an Underperform”.
Analyzing THO Stock Performance
During the last five days, there has been a drop of approximately -9.06%. Over the course of the year, Thor Industries, Inc. shares have dropped approximately -11.84%. Shares of the company reached a 52-week high of $129.31 on 03/01/24 and a 52-week low of $88.37 on 06/26/24. A 50-day SMA is recorded $106.07, while a 200-day SMA reached $105.46. Nevertheless, trading volume fell to 0.71 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Thor Industries, Inc. (THO)
According to the 24-hour chart, there is a support level at 102.74, which, if violated, would cause prices to drop to 101.23. In the upper region, resistance lies at 106.58. The next price resistance is at 108.91. RSI (Relative Strength Index) is 42.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.90, which suggests the price will decrease in the coming days. Percent R is at 94.39%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
