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Telsey Advisory Group analysts reiterates an Outperform rating for TJX Companies, Inc (TJX)

TJX Companies, Inc’s recently made public that its CEO & President Herrman Ernie unloaded Company’s shares for reported $2.32 million on Nov 22 ’24. In the deal valued at $121.27 per share,19,149 shares were sold. As a result of this transaction, Herrman Ernie now holds 516,999 shares worth roughly $64.52 million.

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Then, Herrman Ernie bought 19,149 shares, generating $2,293,476 in total proceeds.

Before that, Nemerov Jackwyn sold 1,183 shares. TJX Companies, Inc shares valued at $139,252 were divested by the Director at a price of $117.71 per share. As a result of the transaction, Nemerov Jackwyn now holds 1,192 shares, worth roughly $0.15 million.

Telsey Advisory Group reiterated its TJX Companies, Inc [TJX] rating to an Outperform in a research note published on August 22, 2024; the price target was $134. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in late August from “a Buy” to “a Neutral”. Telsey Advisory Group also remained covering TJX and reiterated its “an Outperform” recommendation on August 14, 2024. UBS revised its rating on May 02, 2024. It rated TJX as “a Buy” which previously was an “a Neutral”.

Price Performance Review of TJX

On Monday, TJX Companies, Inc [NYSE:TJX] saw its stock jump 2.73% to $124.79. Over the last five days, the stock has gained 4.28%. TJX Companies, Inc shares have risen nearly 33.02% since the year began. Nevertheless, the stocks have risen 38.70% over the past one year. While a 52-week high of $122.10 was reached on 11/25/24, a 52-week low of $87.44 was recorded on 01/04/24. SMA at 50 days reached $116.62, while 200 days put it at $107.92.

Levels Of Support And Resistance For TJX Stock

The 24-hour chart illustrates a support level at 122.62, which if violated will result in even more drops to 120.46. On the upside, there is a resistance level at 126.19. A further resistance level may holdings at 127.60. The Relative Strength Index (RSI) on the 14-day chart is 77.39, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.64%. Stochastics %K at 88.45% indicates the stock is a selling.

How much short interest is there in TJX Companies, Inc?

A steep rise in short interest was recorded in TJX Companies, Inc stocks on 2024-10-31, growing by 1.83 million shares to a total of 12.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.06 million shares. There was a rise of 14.21%, which implies that there is a positive sentiment for the stock.

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