Interface Inc’s filing revealed that its Vice President/Secretary Foshee David B unloaded Company’s shares for reported $0.4 million on Dec 04 ’24. In the deal valued at $26.27 per share,15,175 shares were sold. As a result of this transaction, Foshee David B now holds 202,398 shares worth roughly $5.17 million.
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Then, HENDRIX DANIEL T sold 24,500 shares, generating $637,735 in total proceeds. Upon selling the shares at $26.03, the Director now owns 128,647 shares.
Before that, HENDRIX DANIEL T sold 18,000 shares. Interface Inc shares valued at $473,940 were divested by the Director at a price of $26.33 per share. As a result of the transaction, HENDRIX DANIEL T now holds 153,147 shares, worth roughly $3.91 million.
Barrington Research initiated its Interface Inc [TILE] rating to an Outperform in a research note published on April 15, 2024; the price target was $20. A number of analysts have revised their coverage, including Longbow’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “a Buy”. Truist also remained covering TILE and has decreased its forecast on February 22, 2023 with a “Hold” recommendation from previously “Buy” rating. Raymond James revised its rating on November 08, 2021. It rated TILE as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of TILE
On Tuesday, Interface Inc [NASDAQ:TILE] saw its stock jump 3.19% to $25.56. Over the last five days, the stock has lost -2.10%. Interface Inc shares have risen nearly 99.76% since the year began. Nevertheless, the stocks have risen 99.13% over the past one year. While a 52-week high of $27.34 was reached on 11/27/24, a 52-week low of $11.48 was recorded on 01/17/24. SMA at 50 days reached $23.73, while 200 days put it at $18.34.
Levels Of Support And Resistance For TILE Stock
The 24-hour chart illustrates a support level at 24.89, which if violated will result in even more drops to 24.58. On the upside, there is a resistance level at 25.37. A further resistance level may holdings at 25.54. The Relative Strength Index (RSI) on the 14-day chart is 51.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.52%. Stochastics %K at 26.22% indicates the stock is a holding.
How much short interest is there in Interface Inc?
A steep rise in short interest was recorded in Interface Inc stocks on 2024-11-29, growing by 95048.0 shares to a total of 1.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.19 million shares. There was a rise of 7.38%, which implies that there is a positive sentiment for the stock.
