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Texas Roadhouse Inc (TXRH) may enjoy gains as insiders got busy in the recent days

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Texas Roadhouse Inc’s recent filing unveils that its CHIEF LEGAL & ADMIN OFFICER Colson Christopher C. unloaded Company’s shares for reported $0.25 million on Jan 10 ’25. In the deal valued at $179.46 per share,1,370 shares were sold. As a result of this transaction, Colson Christopher C. now holds 10,000 shares worth roughly $1.78 million.

Then, CHRISTOPHER COLSON bought 1,370 shares, generating $245,860 in total proceeds.

Before that, Mujica Hernan E. sold 1,500 shares. Texas Roadhouse Inc shares valued at $303,390 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $202.26 per share. As a result of the transaction, Mujica Hernan E. now holds 16,342 shares, worth roughly $2.91 million.

Gordon Haskett downgraded its Texas Roadhouse Inc [TXRH] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. The Benchmark Company started covering the stock on April 10, 2024. It rated TXRH as “a Hold”.

Price Performance Review of TXRH

On Friday, Texas Roadhouse Inc [NASDAQ:TXRH] saw its stock fall -2.16% to $178.12. Over the last five days, the stock has lost -1.70%. Texas Roadhouse Inc shares have fallen nearly -1.28% since the year began. Nevertheless, the stocks have risen 48.36% over the past one year. While a 52-week high of $206.04 was reached on 01/02/25, a 52-week low of $115.48 was recorded on 01/08/25. SMA at 50 days reached $190.81, while 200 days put it at $173.31.

Levels Of Support And Resistance For TXRH Stock

The 24-hour chart illustrates a support level at 176.28, which if violated will result in even more drops to 174.45. On the upside, there is a resistance level at 180.80. A further resistance level may holdings at 183.49. The Relative Strength Index (RSI) on the 14-day chart is 36.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.91%. Stochastics %K at 40.06% indicates the stock is a holding.

How much short interest is there in Texas Roadhouse Inc?

A steep rise in short interest was recorded in Texas Roadhouse Inc stocks on 2024-12-13, growing by 0.11 million shares to a total of 1.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.62 million shares. There was a rise of 6.38%, which implies that there is a positive sentiment for the stock.

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