Textron Inc.’s recently made public that its Director BADER KATHLEEN M unloaded Company’s shares for reported $1.04 million on May 16 ’24. In the deal valued at $87.91 per share,11,870 shares were sold. As a result of this transaction, BADER KATHLEEN M now holds 3,756 shares worth roughly $0.31 million.
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Then, Lupone E Robert sold 48,825 shares, generating $4,158,484 in total proceeds. Upon selling the shares at $85.17, the EVP, General Counsel & Secy now owns 97,993 shares.
Before that, Lupone E Robert sold 8,380 shares. Textron Inc. shares valued at $713,192 were divested by the EVP, General Counsel & Secy at a price of $85.11 per share. As a result of the transaction, Lupone E Robert now holds 97,993 shares, worth roughly $8.16 million.
TD Cowen downgraded its Textron Inc. [TXT] rating to a Hold from a a Buy in a research note published on September 25, 2024; the price target was decreased to $95 from $103. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “an Equal-weight”. BofA Securities also remained covering TXT and has increased its forecast on March 08, 2024 with a “Buy” recommendation from previously “Neutral” rating. UBS started covering the stock on October 11, 2023. It rated TXT as “a Sell”.
Price Performance Review of TXT
On Monday, Textron Inc. [NYSE:TXT] saw its stock jump 1.12% to $83.27. Over the last five days, the stock has lost -6.85%. Textron Inc. shares have risen nearly 3.54% since the year began. Nevertheless, the stocks have risen 9.54% over the past one year. While a 52-week high of $97.33 was reached on 04/08/24, a 52-week low of $74.13 was recorded on 01/17/24. SMA at 50 days reached $87.54, while 200 days put it at $88.20.
Levels Of Support And Resistance For TXT Stock
The 24-hour chart illustrates a support level at 82.58, which if violated will result in even more drops to 81.90. On the upside, there is a resistance level at 83.87. A further resistance level may holdings at 84.48. The Relative Strength Index (RSI) on the 14-day chart is 39.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.63%. Stochastics %K at 17.01% indicates the stock is a buying.
How much short interest is there in Textron Inc.?
A steep rise in short interest was recorded in Textron Inc. stocks on 2024-10-15, dropping by -0.66 million shares to a total of 3.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.31 million shares. There was a decline of -18.07%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 06, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $90 price target.
