The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Texas Instruments Inc shares valued at $2,142,910 were sold by KIRK RONALD on Nov 25 ’24. At $203.33 per share, KIRK RONALD sold 10,539 shares. The insider’s holdings dropped to 14,323 shares worth approximately $2.76 million following the completion of this transaction.
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Also, RONALD KIRK purchased 10,539 shares, netting a total of over 2,142,909 in proceeds.
Before that, Lizardi Rafael R had sold 46,917 shares from its account. In a trade valued at $10,188,294, the Sr. Vice President & CFO traded Texas Instruments Inc shares for $217.16 each. Upon closing the transaction, the insider’s holdings decreased to 46,917 shares, worth approximately $14.29 million.
As published in their initiating research note from Wells Fargo on November 22, 2024, Texas Instruments Inc [TXN] has been an Equal weight and the price target has been revised to $215. Analysts at Summit Insights upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of August 21, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for TXN. Earlier on May 16, 2024, Wells Fargo initiated its rating. Their recommendation was “an Underweight” for TXN stock.
Analyzing TXN Stock Performance
During the last five days, there has been a drop of approximately -3.11%. Over the course of the year, Texas Instruments Inc shares have jumped approximately 13.22%. Shares of the company reached a 52-week high of $220.38 on 11/08/24 and a 52-week low of $155.46 on 02/13/24. A 50-day SMA is recorded $203.81, while a 200-day SMA reached $192.46. Nevertheless, trading volume fell to 6.05 million shares from 94803.0 shares the previous day.
Support And Resistance Levels for Texas Instruments Inc (TXN)
According to the 24-hour chart, there is a support level at 191.08, which, if violated, would cause prices to drop to 189.18. In the upper region, resistance lies at 196.02. The next price resistance is at 199.06. RSI (Relative Strength Index) is 38.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.13, which suggests the price will decrease in the coming days. Percent R is at 94.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
