TR Stock Summary and Trading Ideas (Tootsie Roll Industries | NYSE:TR)

Tootsie Roll Industries Inc manufactures and sells confectionery products. Notable varieties include Tootsie Roll and Tootsie Pops, Charms, Blow-Pops, Dots, Junior Mints, Sugar Daddy and Sugar Babies, Andes, Dubble Bubble, Razzles among others. The company sells its products to wholesale distributors and directly to retail stores. Geographically, it generates a majority of its revenue from the United States and rest from Canada, Mexico and other regions.

Tootsie Roll Industries trades on the NYSE stock market under the symbol TR.

As of April 19, 2024, TR stock price climbed to $30.20 with 87,625 million shares trading.

TR has a beta of 0.20, meaning it tends to be less sensitive to market movements. TR has a correlation of 0.01 to the broad based SPY ETF.

TR has a market cap of $2.13 billion. This is considered a Mid Cap stock.

In the last 3 years, TR stock traded as high as $47.49 and as low as $29.07.

The top ETF exchange traded funds that TR belongs to (by Net Assets): IJR, VTI, VB, VXF, VBK.

TR has underperformed the market in the last year with a return of -31.8%, while the SPY ETF gained +21.2%. In the last 3 month period, TR fell short of the market, returning -9.3%, while SPY returned +3.0%. However, in the most recent 2 weeks TR has outperformed the stock market by returning -3.7%, while SPY returned -4.5%.

TR support price is $29.69 and resistance is $30.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TR stock will trade within this expected range on the day.