Toll Brothers Inc.’s recent filing unveils that 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 $32.99 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 $36.72 million.
Wedbush upgraded its Toll Brothers Inc. [TOL] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in early August from “a Neutral” to “a Sell”. Goldman also remained covering TOL and has increased its forecast on June 17, 2024 with a “Neutral” recommendation from previously “Sell” rating. Seaport Research Partners revised its rating on January 22, 2024. It rated TOL as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TOL
On Friday, Toll Brothers Inc. [NYSE:TOL] saw its stock fall -1.12% to $149.02. Over the last five days, the stock has lost -6.62%. Toll Brothers Inc. shares have risen nearly 44.98% since the year began. Nevertheless, the stocks have risen 118.63% over the past one year. While a 52-week high of $160.12 was reached on 10/18/24, a 52-week low of $68.08 was recorded on 01/24/24. SMA at 50 days reached $147.61, while 200 days put it at $125.65.
Levels Of Support And Resistance For TOL Stock
The 24-hour chart illustrates a support level at 147.45, which if violated will result in even more drops to 145.87. On the upside, there is a resistance level at 151.66. A further resistance level may holdings at 154.29. The Relative Strength Index (RSI) on the 14-day chart is 47.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.98%. Stochastics %K at 23.16% indicates the stock is a holding.
How much short interest is there in Toll Brothers Inc.?
A steep rise in short interest was recorded in Toll Brothers Inc. stocks on 2024-10-15, dropping by -0.86 million shares to a total of 3.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.37 million shares. There was a decline of -24.65%, which implies that there is a negative sentiment for the stock.
