The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Target Corp shares valued at $997,715 were sold by Gomez Richard H. on Sep 27 ’24. At $157.17 per share, Gomez Richard H. sold 6,348 shares. The insider’s holdings dropped to 123,551 shares worth approximately $17.31 million following the completion of this transaction.
Also, Gomez Richard H. purchased 6,348 shares, netting a total of over 997,716 in proceeds.
Before that, LIEGEL MATTHEW A had sold 1,000 shares from its account. In a trade valued at $153,130, the Chief Accounting Officer traded Target Corp shares for $153.13 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $1.02 million.
As published in a research note from Daiwa Securities on November 26, 2024, Target Corp [TGT] has been rated down from an Outperform to a Neutral and the price target has been revised to $130 from $170. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late November. As of November 20, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for TGT. Earlier on November 20, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for TGT stock which previously was a “a Buy”.
Analyzing TGT Stock Performance
During the last five days, there has been a surge of approximately 3.18%. Over the course of the year, Target Corp shares have jumped approximately 3.63%. Shares of the company reached a 52-week high of $145.08 on 01/28/25 and a 52-week low of $127.92 on 01/16/25. A 50-day SMA is recorded $135.58, while a 200-day SMA reached $147.69. Nevertheless, trading volume fell to 2.84 million shares from 4.14 million shares the previous day.
Support And Resistance Levels for Target Corp (TGT)
According to the 24-hour chart, there is a support level at 139.28, which, if violated, would cause prices to drop to 138.47. In the upper region, resistance lies at 141.57. The next price resistance is at 143.05. RSI (Relative Strength Index) is 55.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.48, which suggests the price will increase in the coming days. Percent R is at 29.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
