Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Texas Roadhouse Inc shares valued at $245,860 were sold by Colson Christopher C. on Jan 10 ’25. At $179.46 per share, Colson Christopher C. sold 1,370 shares. The insider’s holdings dropped to 10,000 shares worth approximately $1.8 million following the completion of this transaction.
Also, CHRISTOPHER COLSON purchased 1,370 shares, netting a total of over 245,860 in proceeds.
Before that, Mujica Hernan E. had sold 1,500 shares from its account. In a trade valued at $303,390, the CHIEF TECHNOLOGY OFFICER traded Texas Roadhouse Inc shares for $202.26 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $2.94 million.
As published in a research note from Morgan Stanley on January 21, 2025, Texas Roadhouse Inc [TXRH] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $213 from $205. Analysts at Gordon Haskett downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early January. As of December 05, 2024, Goldman has initiated its “Neutral” rating for TXRH.
Analyzing TXRH Stock Performance
During the last five days, there has been a surge of approximately 0.40%. Over the course of the year, Texas Roadhouse Inc shares have dropped approximately -0.22%. Shares of the company reached a 52-week high of $185.25 on 01/02/25 and a 52-week low of $173.65 on 01/13/25. A 50-day SMA is recorded $189.21, while a 200-day SMA reached $174.25. Nevertheless, trading volume fell to 0.68 million shares from 1.39 million shares the previous day.
Support And Resistance Levels for Texas Roadhouse Inc (TXRH)
According to the 24-hour chart, there is a support level at 178.32, which, if violated, would cause prices to drop to 176.60. In the upper region, resistance lies at 182.19. The next price resistance is at 184.33. RSI (Relative Strength Index) is 43.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 44.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
