TXNM Energy Inc’s filing revealed that its Director BECKER NORMAN P. unloaded Company’s shares for reported $0.11 million on Nov 21 ’24. In the deal valued at $48.42 per share,2,300 shares were sold. As a result of this transaction, BECKER NORMAN P. now holds 25,378 shares worth roughly $1.25 million.
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Then, BECKER NORMAN P. bought 3,750 shares, generating $181,313 in total proceeds.
Before that, PATRICK APODACA bought 5,749 shares. TXNM Energy Inc shares valued at $273,069 were divested by the Officer at a price of $47.50 per share.
Scotiabank initiated its TXNM Energy Inc [TXNM] rating to a Sector perform in a research note published on October 10, 2024; the price target was $46. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Barclays started covering the stock on February 08, 2024. It rated TXNM as “an Overweight”.
Price Performance Review of TXNM
On Tuesday, TXNM Energy Inc [NYSE:TXNM] saw its stock jump 0.80% to $49.44. Over the last five days, the stock has gained 0.47%. TXNM Energy Inc shares have risen nearly 18.85% since the year began. Nevertheless, the stocks have risen 17.02% over the past one year. While a 52-week high of $49.70 was reached on 12/03/24, a 52-week low of $34.62 was recorded on 02/05/24. SMA at 50 days reached $44.93, while 200 days put it at $40.10.
Levels Of Support And Resistance For TXNM Stock
The 24-hour chart illustrates a support level at 48.95, which if violated will result in even more drops to 48.46. On the upside, there is a resistance level at 49.84. A further resistance level may holdings at 50.25. The Relative Strength Index (RSI) on the 14-day chart is 72.58, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.44%. Stochastics %K at 87.91% indicates the stock is a selling.
How much short interest is there in TXNM Energy Inc?
A steep rise in short interest was recorded in TXNM Energy Inc stocks on 2024-11-15, growing by 1.45 million shares to a total of 5.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.59 million shares. There was a rise of 28.81%, which implies that there is a positive sentiment for the stock.
