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Tractor Supply Co (TSCO) rating reiterates by Telsey Advisory Group

In a filing, Tractor Supply Co revealed its EVP Chief Financial Officer Barton Kurt D unloaded Company’s shares for reported $6.96 million on Oct 01 ’24. In the deal valued at $295.64 per share,23,532 shares were sold. As a result of this transaction, Barton Kurt D now holds 9,683 shares worth roughly $0.52 million.

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Then, Barton Kurt D bought 23,532 shares, generating $6,956,918 in total proceeds.

Before that, Barton Kurt D sold 10,995 shares. Tractor Supply Co shares valued at $3,023,625 were divested by the EVP Chief Financial Officer at a price of $275.00 per share. As a result of the transaction, Barton Kurt D now holds 9,683 shares, worth roughly $0.52 million.

Telsey Advisory Group reiterated its Tractor Supply Co [TSCO] rating to an Outperform in a research note published on October 17, 2024; the price target was $335. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early October from “an Outperform” to “an In-line”. Telsey Advisory Group also remained covering TSCO and reiterated its “an Outperform” recommendation on July 26, 2024. Telsey Advisory Group maintained its rating on May 01, 2024. It rated TSCO as “an Outperform”.

Price Performance Review of TSCO

On Monday, Tractor Supply Co [NASDAQ:TSCO] saw its stock fall -0.43% to $53.69. Over the last five days, the stock has lost -2.92%. Tractor Supply Co shares have risen nearly 24.84% since the year began. Nevertheless, the stocks have risen 26.81% over the past one year. While a 52-week high of $61.53 was reached on 10/15/24, a 52-week low of $41.80 was recorded on 01/03/24. SMA at 50 days reached $56.20, while 200 days put it at $54.46.

Levels Of Support And Resistance For TSCO Stock

The 24-hour chart illustrates a support level at 52.98, which if violated will result in even more drops to 52.27. On the upside, there is a resistance level at 54.16. A further resistance level may holdings at 54.63. The Relative Strength Index (RSI) on the 14-day chart is 38.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.87%. Stochastics %K at 18.09% indicates the stock is a buying.

How much short interest is there in Tractor Supply Co?

A steep rise in short interest was recorded in Tractor Supply Co stocks on 2024-11-29, dropping by -1.54 million shares to a total of 28.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 30.01 million shares. There was a decline of -5.4%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 26, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $280.

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