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. Travel+Leisure Co shares valued at $531,664 were sold by RICHARDS GEOFFREY on Nov 25 ’24. At $56.56 per share, RICHARDS GEOFFREY sold 9,400 shares. The insider’s holdings dropped to 111,202 shares worth approximately $6.0 million following the completion of this transaction.
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Also, RICHARDS GEOFFREY purchased 10,000 shares, netting a total of over 565,500 in proceeds.
Before that, MYERS JEFFREY had sold 13,569 shares from its account. In a trade valued at $731,912, the insider traded Travel+Leisure Co shares for $53.94 each. Upon closing the transaction, the insider’s holdings decreased to 13,569 shares, worth approximately $7.9 million.
As published in a research note from Barclays on September 26, 2024, Travel+Leisure Co [TNL] has been rated down from an Equal weight to an Underweight and the price target has been revised to $40 from $46. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid September. As of March 26, 2024, Mizuho has initiated its “Neutral” rating for TNL. Earlier on February 13, 2024, JMP Securities initiated its rating. Their recommendation was “a Mkt outperform” for TNL stock.
Analyzing TNL Stock Performance
During the last five days, there has been a drop of approximately -2.16%. Over the course of the year, Travel+Leisure Co shares have jumped approximately 38.12%. Shares of the company reached a 52-week high of $56.91 on 11/25/24 and a 52-week low of $37.99 on 01/16/24. A 50-day SMA is recorded $50.66, while a 200-day SMA reached $46.22. Nevertheless, trading volume fell to 0.59 million shares from 0.62 million shares the previous day.
Support And Resistance Levels for Travel+Leisure Co (TNL)
According to the 24-hour chart, there is a support level at 53.70, which, if violated, would cause prices to drop to 53.41. In the upper region, resistance lies at 54.37. The next price resistance is at 54.75. RSI (Relative Strength Index) is 54.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.11, which suggests the price will decrease in the coming days. Percent R is at 75.35%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
