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Texas Instruments Inc [TXN] Shares Rise 6.18 % on Wednesday

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. Texas Instruments Inc shares valued at $5,287,596 were purchased by Haviv Ilan on Nov 06 ’24. At $211.50 per share, Haviv Ilan acquired 25,000 shares.

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Also, CHRISTINE WITZSCHE purchased 132 shares, netting a total of over 27,941 in proceeds.

Before that, SANCHEZ ROBERT E had sold 9,990 shares from its account. In a trade valued at $2,085,871, the Director traded Texas Instruments Inc shares for $208.80 each. Upon closing the transaction, the insider’s holdings decreased to 9,990 shares, worth approximately $4.4 million.

As published in a research note from Summit Insights on October 23, 2024, Texas Instruments Inc [TXN] has been rated up from a Hold to a Buy. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of May 16, 2024, Wells Fargo has initiated its “an Underweight” rating for TXN. Earlier on May 13, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for TXN stock which previously was a “a Buy”.

Analyzing TXN Stock Performance

During the last five days, there has been a surge of approximately 3.39%. Over the course of the year, Texas Instruments Inc shares have jumped approximately 26.11%. Shares of the company reached a 52-week high of $215.68 on 11/06/24 and a 52-week low of $155.46 on 02/13/24. A 50-day SMA is recorded $203.57, while a 200-day SMA reached $188.24. Nevertheless, trading volume fell to 8.52 million shares from 5.25 million shares the previous day.

Support And Resistance Levels for Texas Instruments Inc (TXN)

According to the 24-hour chart, there is a support level at 210.33, which, if violated, would cause prices to drop to 205.70. In the upper region, resistance lies at 217.64. The next price resistance is at 220.32. RSI (Relative Strength Index) is 61.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.90, which suggests the price will increase in the coming days. Percent R is at 3.11%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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