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. Toll Brothers Inc. shares valued at $3,955,635 were sold by Yearley Douglas C. Jr. on Oct 16 ’24. At $158.23 per share, Yearley Douglas C. Jr. sold 25,000 shares. The insider’s holdings dropped to 221,382 shares worth approximately $32.8 million following the completion of this transaction.
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Also, Yearley Douglas C. Jr. purchased 25,000 shares, netting a total of over 3,955,634 in proceeds.
Before that, Yearley Douglas C. Jr. had sold 50,000 shares from its account. In a trade valued at $7,725,700, the Chief Executive Officer traded Toll Brothers Inc. shares for $154.51 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $36.5 million.
As published in a research note from Wedbush on October 25, 2024, Toll Brothers Inc. [TOL] has been rated up from a Neutral to an Outperform and the price target has been revised to $175. Analysts at Seaport Research Partners downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early August. As of June 17, 2024, Goldman has increased its “Sell” rating to a “Neutral” for TOL. Earlier on January 22, 2024, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for TOL stock which previously was a “a Buy”.
Analyzing TOL Stock Performance
During the last five days, there has been a surge of approximately 0.81%. Over the course of the year, Toll Brothers Inc. shares have jumped approximately 44.12%. Shares of the company reached a 52-week high of $160.12 on 10/18/24 and a 52-week low of $95.46 on 01/24/24. A 50-day SMA is recorded $148.60, while a 200-day SMA reached $126.36. Nevertheless, trading volume fell to 0.82 million shares from 2.0 million shares the previous day.
Support And Resistance Levels for Toll Brothers Inc. (TOL)
According to the 24-hour chart, there is a support level at 146.12, which, if violated, would cause prices to drop to 144.09. In the upper region, resistance lies at 150.87. The next price resistance is at 153.59. RSI (Relative Strength Index) is 46.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.18, which suggests the price will decrease in the coming days. Percent R is at 53.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
