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The Potential Rise in the Price of Texas Instruments Inc (TXN) following insiders activity

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Texas Instruments Inc’s filing revealed that its Director KIRK RONALD unloaded Company’s shares for reported $2.14 million on Nov 25 ’24. In the deal valued at $203.33 per share,10,539 shares were sold. As a result of this transaction, KIRK RONALD now holds 14,323 shares worth roughly $2.89 million.

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Then, RONALD KIRK bought 10,539 shares, generating $2,142,909 in total proceeds.

Before that, Lizardi Rafael R sold 46,917 shares. Texas Instruments Inc shares valued at $10,188,294 were divested by the Sr. Vice President & CFO at a price of $217.16 per share. As a result of the transaction, Lizardi Rafael R now holds 74,061 shares, worth roughly $14.94 million.

Wells Fargo initiated its Texas Instruments Inc [TXN] rating to an Equal weight in a research note published on November 22, 2024; the price target was $215. A number of analysts have revised their coverage, including Summit Insights’s analysts, who increased its forecast for the stock in late October from “a Hold” to “a Buy”. Citigroup also remained covering TXN and has increased its forecast on August 21, 2024 with a “Buy” recommendation from previously “Neutral” rating. Wells Fargo started covering the stock on May 16, 2024. It rated TXN as “an Underweight”.

Price Performance Review of TXN

On Monday, Texas Instruments Inc [NASDAQ:TXN] saw its stock jump 0.37% to $201.78. Over the last five days, the stock has gained 1.91%. Texas Instruments Inc shares have risen nearly 18.37% since the year began. Nevertheless, the stocks have risen 32.13% over the past one year. While a 52-week high of $220.38 was reached on 11/08/24, a 52-week low of $151.27 was recorded on 02/13/24. SMA at 50 days reached $204.35, while 200 days put it at $191.96.

Levels Of Support And Resistance For TXN Stock

The 24-hour chart illustrates a support level at 199.37, which if violated will result in even more drops to 196.96. On the upside, there is a resistance level at 203.30. A further resistance level may holdings at 204.82. The Relative Strength Index (RSI) on the 14-day chart is 47.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.86%. Stochastics %K at 21.70% indicates the stock is a holding.

How much short interest is there in Texas Instruments Inc?

A steep rise in short interest was recorded in Texas Instruments Inc stocks on 2024-11-15, growing by 2.87 million shares to a total of 21.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 18.89 million shares. There was a rise of 13.2%, which implies that there is a positive sentiment for the stock.

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