Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Travel+Leisure Co shares valued at $261,269 were sold by RICHARDS GEOFFREY on Nov 06 ’24. At $52.16 per share, RICHARDS GEOFFREY sold 5,009 shares. The insider’s holdings dropped to 125,209 shares worth approximately $6.55 million following the completion of this transaction.
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Also, RICHARDS GEOFFREY purchased 5,009 shares, netting a total of over 260,000 in proceeds.
Before that, HOLMES STEPHEN P had sold 80,000 shares from its account. In a trade valued at $3,804,000, the Director traded Travel+Leisure Co shares for $47.55 each. Upon closing the transaction, the insider’s holdings decreased to 80,000 shares, worth approximately $19.0 million.
As published in a research note from Barclays on September 26, 2024, Travel+Leisure Co [TNL] has been rated down from an Equal weight to an Underweight and the price target has been revised to $40 from $46. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid September. As of March 26, 2024, Mizuho has initiated its “Neutral” rating for TNL. Earlier on February 13, 2024, JMP Securities initiated its rating. Their recommendation was “a Mkt outperform” for TNL stock.
Analyzing TNL Stock Performance
During the last five days, there has been a surge of approximately 6.38%. Over the course of the year, Travel+Leisure Co shares have jumped approximately 33.90%. Shares of the company reached a 52-week high of $53.26 on 11/06/24 and a 52-week low of $37.99 on 01/16/24. A 50-day SMA is recorded $45.60, while a 200-day SMA reached $44.70. Nevertheless, trading volume fell to 0.98 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Travel+Leisure Co (TNL)
According to the 24-hour chart, there is a support level at 51.47, which, if violated, would cause prices to drop to 50.61. In the upper region, resistance lies at 53.23. The next price resistance is at 54.13. RSI (Relative Strength Index) is 73.99 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.28, which suggests the price will increase in the coming days. Percent R is at 11.49%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
