Interface Inc’s recently made public that its VP & CFO Hausmann Bruce Andrew unloaded Company’s shares for reported $0.77 million on Nov 21 ’24. In the deal valued at $25.50 per share,30,000 shares were sold. As a result of this transaction, Hausmann Bruce Andrew now holds 168,475 shares worth roughly $4.29 million.
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Then, Hausmann Bruce Andrew bought 30,000 shares, generating $764,100 in total proceeds.
Before that, Nigel Stansfield sold 20,000 shares. Interface Inc shares valued at $482,400 were divested by the Vice President at a price of $24.12 per share. As a result of the transaction, Nigel Stansfield now holds 144,355 shares, worth roughly $3.68 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 0.99% to $25.46. Over the last five days, the stock has gained 1.88%. Interface Inc shares have risen nearly 101.74% since the year began. Nevertheless, the stocks have risen 154.85% over the past one year. While a 52-week high of $26.11 was reached on 11/13/24, a 52-week low of $9.87 was recorded on 01/17/24. SMA at 50 days reached $20.64, while 200 days put it at $17.11.
Levels Of Support And Resistance For TILE Stock
The 24-hour chart illustrates a support level at 25.10, which if violated will result in even more drops to 24.74. On the upside, there is a resistance level at 25.76. A further resistance level may holdings at 26.07. The Relative Strength Index (RSI) on the 14-day chart is 71.94, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.99%. Stochastics %K at 79.48% 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 2024-10-31, growing by 0.3 million shares to a total of 1.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.89 million shares. There was a rise of 25.2%, which implies that there is a positive sentiment for the stock.
