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. Tractor Supply Co shares valued at $6,956,923 were sold by Barton Kurt D on Oct 01 ’24. At $295.64 per share, Barton Kurt D sold 23,532 shares. The insider’s holdings dropped to 9,683 shares worth approximately $2.57 million following the completion of this transaction.
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Also, Barton Kurt D purchased 23,532 shares, netting a total of over 6,956,918 in proceeds.
Before that, Barton Kurt D had sold 10,995 shares from its account. In a trade valued at $3,023,625, the EVP Chief Financial Officer traded Tractor Supply Co shares for $275.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,995 shares, worth approximately $2.57 million.
As published in a research note from Telsey Advisory Group on October 17, 2024, Tractor Supply Co [TSCO] has been retained to an Outperform and the price target has been revised to $335. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in early October. As of July 26, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for TSCO. Earlier on May 01, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for TSCO stock.
Analyzing TSCO Stock Performance
During the last five days, there has been a drop of approximately -3.20%. Over the course of the year, Tractor Supply Co shares have jumped approximately 23.48%. Shares of the company reached a 52-week high of $307.64 on 10/15/24 and a 52-week low of $211.76 on 01/03/24. A 50-day SMA is recorded $282.43, while a 200-day SMA reached $264.82. Nevertheless, trading volume fell to 1.16 million shares from 1.1 million shares the previous day.
Support And Resistance Levels for Tractor Supply Co (TSCO)
According to the 24-hour chart, there is a support level at 264.12, which, if violated, would cause prices to drop to 262.72. In the upper region, resistance lies at 268.10. The next price resistance is at 270.68. RSI (Relative Strength Index) is 28.93 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -18.35, which suggests the price will decrease in the coming days. Percent R is at 99.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
