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Travel+Leisure Co (TNL) gets rating Downgrade from Barclays

Travel+Leisure Co’s filing revealed that its insider RICHARDS GEOFFREY unloaded Company’s shares for reported $0.53 million on Nov 25 ’24. In the deal valued at $56.56 per share,9,400 shares were sold. As a result of this transaction, RICHARDS GEOFFREY now holds 111,202 shares worth roughly $6.14 million.

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Then, RICHARDS GEOFFREY bought 10,000 shares, generating $565,500 in total proceeds.

Before that, MYERS JEFFREY sold 13,569 shares. Travel+Leisure Co shares valued at $731,912 were divested by the insider at a price of $53.94 per share. As a result of the transaction, MYERS JEFFREY now holds 146,399 shares, worth roughly $8.09 million.

Barclays downgraded its Travel+Leisure Co [TNL] rating to an Underweight from a an Equal weight in a research note published on September 26, 2024; the price target was decreased to $40 from $46. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid September with a ‘”a Neutral”‘ rating. Mizuho began covering TNL with “Neutral” recommendation on March 26, 2024. JMP Securities started covering the stock on February 13, 2024. It rated TNL as “a Mkt outperform”.

Price Performance Review of TNL

On Tuesday, Travel+Leisure Co [NYSE:TNL] saw its stock fall -0.20% to $55.24. Over the last five days, the stock has lost -1.85%. Travel+Leisure Co shares have risen nearly 41.31% since the year began. Nevertheless, the stocks have risen 46.18% over the past one year. While a 52-week high of $56.91 was reached on 11/25/24, a 52-week low of $36.09 was recorded on 01/16/24. SMA at 50 days reached $49.62, while 200 days put it at $45.91.

Levels Of Support And Resistance For TNL Stock

The 24-hour chart illustrates a support level at 54.96, which if violated will result in even more drops to 54.67. On the upside, there is a resistance level at 55.68. A further resistance level may holdings at 56.11. The Relative Strength Index (RSI) on the 14-day chart is 66.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.26%. Stochastics %K at 69.09% indicates the stock is a holding.

How much short interest is there in Travel+Leisure Co?

A steep rise in short interest was recorded in Travel+Leisure Co stocks on 2024-11-15, dropping by -0.1 million shares to a total of 1.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.67 million shares. There was a decline of -6.6%, which implies that there is a negative sentiment for the stock.

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