TXNM Energy Inc’s recent filing unveils that its Director BECKER NORMAN P. unloaded Company’s shares for reported $0.11 million on Nov 21 ’24. In the deal valued at $48.42 per share,2,300 shares were sold. As a result of this transaction, BECKER NORMAN P. now holds 25,378 shares worth roughly $1.2 million.
Then, BECKER NORMAN P. bought 3,750 shares, generating $181,313 in total proceeds.
Before that, PATRICK APODACA bought 5,749 shares. TXNM Energy Inc shares valued at $273,069 were divested by the Officer at a price of $47.50 per share.
Scotiabank initiated its TXNM Energy Inc [TXNM] rating to a Sector perform in a research note published on October 10, 2024; the price target was $46. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Barclays started covering the stock on February 08, 2024. It rated TXNM as “an Overweight”.
Price Performance Review of TXNM
On Tuesday, TXNM Energy Inc [NYSE:TXNM] saw its stock jump 0.73% to $47.19. Over the last five days, the stock has gained 0.02%. TXNM Energy Inc shares have fallen nearly -4.03% since the year began. Nevertheless, the stocks have risen 24.41% over the past one year. While a 52-week high of $50.28 was reached on 01/02/25, a 52-week low of $34.62 was recorded on 01/08/25. SMA at 50 days reached $47.50, while 200 days put it at $41.59.
Levels Of Support And Resistance For TXNM Stock
The 24-hour chart illustrates a support level at 46.79, which if violated will result in even more drops to 46.38. On the upside, there is a resistance level at 47.52. A further resistance level may holdings at 47.84. The Relative Strength Index (RSI) on the 14-day chart is 44.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.95%. Stochastics %K at 29.22% indicates the stock is a holding.
How much short interest is there in TXNM Energy Inc?
A steep rise in short interest was recorded in TXNM Energy Inc stocks on 2024-12-31, dropping by -1.72 million shares to a total of 4.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 5.77 million shares. There was a decline of -42.56%, which implies that there is a negative sentiment for the stock.
