Target Corp’s recently made public that its Executive Officer Gomez Richard H. unloaded Company’s shares for reported $1.0 million on Sep 27 ’24. In the deal valued at $157.17 per share,6,348 shares were sold. As a result of this transaction, Gomez Richard H. now holds 123,551 shares worth roughly $16.74 million.
Then, Gomez Richard H. bought 6,348 shares, generating $997,716 in total proceeds.
Before that, LIEGEL MATTHEW A sold 1,000 shares. Target Corp shares valued at $153,130 were divested by the Chief Accounting Officer at a price of $153.13 per share. As a result of the transaction, LIEGEL MATTHEW A now holds 7,276 shares, worth roughly $0.99 million.
Daiwa Securities downgraded its Target Corp [TGT] rating to a Neutral from a an Outperform in a research note published on November 26, 2024; the price target was decreased to $130 from $170. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late November has reiterated a ‘”an Outperform”‘ rating for it. HSBC Securities also remained covering TGT and has decreased its forecast on November 20, 2024 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank revised its rating on November 20, 2024. It rated TGT as “a Hold” which previously was an “a Buy”.
Price Performance Review of TGT
On Friday, Target Corp [NYSE:TGT] saw its stock fall -0.65% to $135.50. Over the last five days, the stock has gained 3.89%. Target Corp shares have fallen nearly -4.86% since the year began. Nevertheless, the stocks have fallen -4.83% over the past one year. While a 52-week high of $181.86 was reached on 04/01/24, a 52-week low of $120.21 was recorded on 11/20/24. SMA at 50 days reached $141.01, while 200 days put it at $151.08.
Levels Of Support And Resistance For TGT Stock
The 24-hour chart illustrates a support level at 134.64, which if violated will result in even more drops to 133.77. On the upside, there is a resistance level at 136.73. A further resistance level may holdings at 137.95. The Relative Strength Index (RSI) on the 14-day chart is 50.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.29%. Stochastics %K at 64.00% indicates the stock is a holding.
How much short interest is there in Target Corp?
A steep rise in short interest was recorded in Target Corp stocks on 2024-10-31, dropping by -1.46 million shares to a total of 13.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.44 million shares. There was a decline of -10.47%, which implies that there is a negative sentiment for the stock.
