Examining the Potential Price Growth of TTM Technologies Inc (TTMI)

TTM Technologies Inc’s recently made public that its President A&D Radar Systems Clapprood Tom unloaded Company’s shares for reported $57671.0 on Feb 12. In the deal valued at $16.48 per share,3,500 shares were sold. As a result of this transaction, Clapprood Tom now holds 52,264 shares worth roughly $0.78 million.

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Then, SANCHEZ TONY sold 191 shares, generating $2,703 in total proceeds. Upon selling the shares at $14.15, the VP, Corporate Controller now owns 22,928 shares.

Before that, Farrell Robert P. sold 653 shares. TTM Technologies Inc shares valued at $9,495 were divested by the President C&C at a price of $14.54 per share. As a result of the transaction, Farrell Robert P. now holds 20,759 shares, worth roughly $0.31 million.

Truist upgraded its TTM Technologies Inc [TTMI] rating to a Buy from a a Hold in a research note published on Tuesday, November 02, 2023; the price target was increased to $16.50 from $16.

Price Performance Review of TTMI

On Tuesday, TTM Technologies Inc [NASDAQ:TTMI] saw its stock fall -8.53% to $14.91. Over the last five days, the stock has gained 2.97%. TTM Technologies Inc shares have fallen nearly -5.69% since the year began. Nevertheless, the stocks have risen 6.35% over the past one year. While a 52-week high of $16.53 was reached on 02/12/24, a 52-week low of $11.13 was recorded on 01/31/24. SMA at 50 days reached $14.96, while 200 days put it at $13.86. A total of 1.43 million shares were traded, compared to the trading of 1.39 million shares in the previous session.

Levels Of Support And Resistance For TTMI Stock

The 24-hour chart illustrates a support level at 14.55, which if violated will result in even more drops to 14.19. On the upside, there is a resistance level at 15.55. A further resistance level may holdings at 16.18. The Relative Strength Index (RSI) on the 14-day chart is 50.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 59.85%. Stochastics %K at 76.88% indicates the stock is a holding.

How much short interest is there in TTM Technologies Inc?

A steep rise in short interest was recorded in TTM Technologies Inc stocks on Jan 31, 2024, growing by 1.04 million shares to a total of 2.02 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 0.98 million shares. There was a rise of 51.26%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.78% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.47.

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