Interface Inc’s recently made public that its Director HENDRIX DANIEL T unloaded Company’s shares for reported $0.36 million on Aug 23 ’24. In the deal valued at $18.07 per share,20,000 shares were sold. As a result of this transaction, HENDRIX DANIEL T now holds 171,147 shares worth roughly $3.98 million.
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Then, HENDRIX DANIEL T bought 20,000 shares, generating $361,430 in total proceeds.
Before that, HENDRIX DANIEL T sold 3,555 shares. Interface Inc shares valued at $62,319 were divested by the Director at a price of $17.53 per share. As a result of the transaction, HENDRIX DANIEL T now holds 191,147 shares, worth roughly $4.44 million.
Barrington Research initiated its Interface Inc [TILE] rating to an Outperform in a research note published on April 15, 2024; the price target was $20. A number of analysts have revised their coverage, including Longbow’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “a Buy”. Truist also remained covering TILE and has decreased its forecast on February 22, 2023 with a “Hold” recommendation from previously “Buy” rating. Raymond James revised its rating on November 08, 2021. It rated TILE as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of TILE
On Friday, Interface Inc [NASDAQ:TILE] saw its stock jump 33.03% to $23.24. Over the last five days, the stock has gained 28.54%. Interface Inc shares have risen nearly 84.15% since the year began. Nevertheless, the stocks have risen 158.51% over the past one year. While a 52-week high of $20.21 was reached on 11/01/24, a 52-week low of $8.26 was recorded on 01/17/24. SMA at 50 days reached $18.64, while 200 days put it at $16.17.
Levels Of Support And Resistance For TILE Stock
The 24-hour chart illustrates a support level at 21.13, which if violated will result in even more drops to 19.01. On the upside, there is a resistance level at 24.41. A further resistance level may holdings at 25.57. The Relative Strength Index (RSI) on the 14-day chart is 75.81, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.64%. Stochastics %K at 34.74% indicates the stock is a holding.
How much short interest is there in Interface Inc?
A steep rise in short interest was recorded in Interface Inc stocks on 2024-10-15, dropping by -0.87 million shares to a total of 1.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.91 million shares. There was a decline of -84.5%, which implies that there is a negative sentiment for the stock.
