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. TXNM Energy Inc shares valued at $111,366 were sold by BECKER NORMAN P. on Nov 21 ’24. At $48.42 per share, BECKER NORMAN P. sold 2,300 shares. The insider’s holdings dropped to 25,378 shares worth approximately $1.21 million following the completion of this transaction.
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Also, BECKER NORMAN P. purchased 3,750 shares, netting a total of over 181,313 in proceeds.
Before that, PATRICK APODACA had added 5,749 shares to its account. In a trade valued at $273,069, the Officer bought TXNM Energy Inc shares for $47.50 each.
As published in their initiating research note from Scotiabank on October 10, 2024, TXNM Energy Inc [TXNM] has been a Sector perform and the price target has been revised to $46. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. Earlier on February 08, 2024, Barclays initiated its rating. Their recommendation was “an Overweight” for TXNM stock.
Analyzing TXNM Stock Performance
During the last five days, there has been a drop of approximately -1.57%. Over the course of the year, TXNM Energy Inc shares have jumped approximately 14.21%. Shares of the company reached a 52-week high of $50.28 on 12/06/24 and a 52-week low of $34.63 on 02/05/24. A 50-day SMA is recorded $46.11, while a 200-day SMA reached $40.72. Nevertheless, trading volume fell to 1.38 million shares from 1.13 million shares the previous day.
Support And Resistance Levels for TXNM Energy Inc (TXNM)
According to the 24-hour chart, there is a support level at 47.02, which, if violated, would cause prices to drop to 46.54. In the upper region, resistance lies at 48.48. The next price resistance is at 49.46. RSI (Relative Strength Index) is 47.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.76, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
