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. Textron Inc shares valued at $396,179 were sold by Bamford Mark S on Feb 24 ’25. At $72.68 per share, Bamford Mark S sold 5,451 shares. The insider’s holdings dropped to 18,223 shares worth approximately $1.33 million following the completion of this transaction.
Also, Bamford Mark S sold 2,000 shares, netting a total of over 147,000 in proceeds. Following the sale of shares at $73.50 each, the insider now holds 18,223 shares.
Before that, BADER KATHLEEN M had sold 11,870 shares from its account. In a trade valued at $1,043,491, the Director traded Textron Inc shares for $87.91 each. Upon closing the transaction, the insider’s holdings decreased to 11,870 shares, worth approximately $0.28 million.
As published in a research note from BofA Securities on January 24, 2025, Textron Inc [TXT] has been rated down from a Buy to a Neutral and the price target has been revised to $85 from $110. Analysts at Vertical Research upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of September 25, 2024, TD Cowen has decreased its “Buy” rating to a “Hold” for TXT. Earlier on August 08, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for TXT stock which previously was a “an Overweight”.
Analyzing TXT Stock Performance
During the last five days, there has been a surge of approximately 1.13%. Over the course of the year, Textron Inc shares have dropped approximately -4.24%. Shares of the company reached a 52-week high of $81.24 on 01/21/25 and a 52-week low of $71.67 on 02/21/25. A 50-day SMA is recorded $76.03, while a 200-day SMA reached $84.18. Nevertheless, trading volume fell to 0.89 million shares from 0.92 million shares the previous day.
Support And Resistance Levels for Textron Inc (TXT)
According to the 24-hour chart, there is a support level at 72.80, which, if violated, would cause prices to drop to 72.34. In the upper region, resistance lies at 73.72. The next price resistance is at 74.18. RSI (Relative Strength Index) is 40.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 59.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
