Target board member buys 10,000 shares

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Bobby Raines 06/05/2014

Roxanne S.Austin, a member of the board of directors at Target ( TGT ) , bought 10,000 shares of the retailer's common stock on June 2. At $56.78 per share, Austin paid a total of $567,796 for the new shares.

IK-> The technicals for TGT ($57.61 up $0.43) are bearish with a neutral trend. Recent support has been around $55.34 and recent resistance has been near $59.20. Standard & Poor's has a four STARS (out of five) rating on the stock. Look at the Oct. 45/50 bull-put spread for a 26-cent credit. That's a 5.5% return and the stock has to fall 13.2% to cause a problem.  [InvestorsKeyhole, Various news and data services]



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: TGT

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