Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Textron Inc shares valued at $1,043,491 were sold by BADER KATHLEEN M on May 16 ’24. At $87.91 per share, BADER KATHLEEN M sold 11,870 shares. The insider’s holdings dropped to 3,756 shares worth approximately $0.3 million following the completion of this transaction.
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Also, Lupone E Robert sold 48,825 shares, netting a total of over 4,158,484 in proceeds. Following the sale of shares at $85.17 each, the insider now holds 97,993 shares.
Before that, Lupone E Robert had sold 8,380 shares from its account. In a trade valued at $713,192, the EVP, General Counsel & Secy traded Textron Inc shares for $85.11 each. Upon closing the transaction, the insider’s holdings decreased to 8,380 shares, worth approximately $7.88 million.
As published in a research note from TD Cowen on September 25, 2024, Textron Inc [TXT] has been rated down from a Buy to a Hold and the price target has been revised to $95 from $103. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early August. As of March 08, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for TXT. Earlier on October 11, 2023, UBS initiated its rating. Their recommendation was “a Sell” for TXT stock.
Analyzing TXT Stock Performance
During the last five days, there has been a drop of approximately -1.31%. Shares of the company reached a 52-week high of $97.33 on 04/08/24 and a 52-week low of $76.98 on 01/17/24. A 50-day SMA is recorded $87.12, while a 200-day SMA reached $88.25. Nevertheless, trading volume fell to 1.17 million shares from 1.46 million shares the previous day.
Support And Resistance Levels for Textron Inc (TXT)
According to the 24-hour chart, there is a support level at 79.70, which, if violated, would cause prices to drop to 78.97. In the upper region, resistance lies at 81.82. The next price resistance is at 83.21. RSI (Relative Strength Index) is 33.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.26, which suggests the price will decrease in the coming days. Percent R is at 99.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
