Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TJX Companies, Inc shares valued at $950,551 were sold by Herrman Ernie on Dec 05 ’24. At $126.18 per share, Herrman Ernie sold 7,533 shares. The insider’s holdings dropped to 509,466 shares worth approximately $61.55 million following the completion of this transaction.
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Also, Herrman Ernie purchased 7,533 shares, netting a total of over 945,392 in proceeds.
Before that, LANE AMY B had sold 1,000 shares from its account. In a trade valued at $126,925, the Director traded TJX Companies, Inc shares for $126.92 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.86 million.
As published in a research note from Telsey Advisory Group on August 22, 2024, TJX Companies, Inc [TJX] has been retained to an Outperform and the price target has been revised to $134. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late August. As of August 14, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for TJX. Earlier on May 02, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for TJX stock which previously was a “a Neutral”.
Analyzing TJX Stock Performance
During the last five days, there has been a drop of approximately -0.79%. Over the course of the year, TJX Companies, Inc shares have jumped approximately 28.78%. Shares of the company reached a 52-week high of $128.00 on 11/27/24 and a 52-week low of $91.31 on 01/04/24. A 50-day SMA is recorded $120.51, while a 200-day SMA reached $111.08. Nevertheless, trading volume fell to 3.56 million shares from 3.36 million shares the previous day.
Support And Resistance Levels for TJX Companies, Inc (TJX)
According to the 24-hour chart, there is a support level at 120.14, which, if violated, would cause prices to drop to 119.48. In the upper region, resistance lies at 121.68. The next price resistance is at 122.56. RSI (Relative Strength Index) is 42.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.30, which suggests the price will decrease in the coming days. Percent R is at 93.30%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
