Textron Inc’s recently made public that its VP & Corporate Controller Bamford Mark S unloaded Company’s shares for reported $0.4 million on Feb 24 ’25. In the deal valued at $72.68 per share,5,451 shares were sold. As a result of this transaction, Bamford Mark S now holds 18,223 shares worth roughly $1.35 million.
Then, Bamford Mark S sold 2,000 shares, generating $147,000 in total proceeds. Upon selling the shares at $73.50, the VP & Corporate Controller now owns 18,223 shares.
Before that, BADER KATHLEEN M sold 11,870 shares. Textron Inc shares valued at $1,043,491 were divested by the Director at a price of $87.91 per share. As a result of the transaction, BADER KATHLEEN M now holds 3,756 shares, worth roughly $0.28 million.
BofA Securities downgraded its Textron Inc [TXT] rating to a Neutral from a a Buy in a research note published on January 24, 2025; the price target was decreased to $85 from $110. A number of analysts have revised their coverage, including Vertical Research’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. TD Cowen also remained covering TXT and has decreased its forecast on September 25, 2024 with a “Hold” recommendation from previously “Buy” rating. Morgan Stanley revised its rating on August 08, 2024. It rated TXT as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of TXT
On Tuesday, Textron Inc [NYSE:TXT] saw its stock fall -0.50% to $74.25. Over the last five days, the stock has gained 0.81%. Textron Inc shares have fallen nearly -2.93% since the year began. Nevertheless, the stocks have fallen -19.51% over the past one year. While a 52-week high of $97.33 was reached on 01/21/25, a 52-week low of $70.14 was recorded on 03/04/25. SMA at 50 days reached $74.98, while 200 days put it at $83.23.
Levels Of Support And Resistance For TXT Stock
The 24-hour chart illustrates a support level at 73.77, which if violated will result in even more drops to 73.30. On the upside, there is a resistance level at 74.83. A further resistance level may holdings at 75.42. The Relative Strength Index (RSI) on the 14-day chart is 51.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.91%. Stochastics %K at 55.79% indicates the stock is a holding.
How much short interest is there in Textron Inc?
A steep rise in short interest was recorded in Textron Inc stocks on 2025-02-28, growing by 0.26 million shares to a total of 3.85 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 3.59 million shares. There was a rise of 6.71%, which implies that there is a positive sentiment for the stock.
