Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. TXNM Energy Inc shares valued at $111,366 were sold by BECKER NORMAN P. on Nov 21 ’24. At $48.42 per share, BECKER NORMAN P. sold 2,300 shares. The insider’s holdings dropped to 25,378 shares worth approximately $1.29 million following the completion of this transaction.
Also, BECKER NORMAN P. purchased 3,750 shares, netting a total of over 181,313 in proceeds.
Before that, PATRICK APODACA had added 5,749 shares to its account. In a trade valued at $273,069, the Officer bought TXNM Energy Inc shares for $47.50 each.
As published in a research note from Evercore ISI on February 11, 2025, TXNM Energy Inc [TXNM] has been rated up from an In-line to an Outperform and the price target has been revised to $54 from $51. Analysts at Scotiabank started covering the stock with ‘”a Sector perform”‘ outlook in a report released in early October. As of October 02, 2024, Jefferies has initiated its “Buy” rating for TXNM.
Analyzing TXNM Stock Performance
During the last five days, there has been a surge of approximately 1.51%. Over the course of the year, TXNM Energy Inc shares have jumped approximately 3.66%. Shares of the company reached a 52-week high of $51.16 on 02/14/25 and a 52-week low of $45.71 on 01/08/25. A 50-day SMA is recorded $48.50, while a 200-day SMA reached $43.03. Nevertheless, trading volume fell to 0.71 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for TXNM Energy Inc (TXNM)
According to the 24-hour chart, there is a support level at 50.35, which, if violated, would cause prices to drop to 49.74. In the upper region, resistance lies at 51.30. The next price resistance is at 51.64. RSI (Relative Strength Index) is 68.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.07, which suggests the price will increase in the coming days. Percent R is at 5.26%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
