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. Teradyne, Inc. shares valued at $1,414 were purchased by MATZ MARILYN on Mar 15 ’24. At $106.04 per share, MATZ MARILYN acquired 13 shares. The insider’s holdings grew to 14,326 shares worth approximately $1.6 million following the completion of this transaction.
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Also, MADDOCK ERNEST E purchased 1,000 shares, netting a total of over 94,070 in proceeds. Following the buying of shares at $94.07 each, the insider now holds 4,728 shares.
Before that, Mehta Sanjay had sold 8,653 shares from its account. In a trade valued at $909,424, the VP and Chief Financial Officer traded Teradyne, Inc. shares for $105.10 each. Upon closing the transaction, the insider’s holdings decreased to 8,653 shares, worth approximately $3.48 million.
As published in a research note from JP Morgan on February 15, 2024, Teradyne, Inc. [TER] has been rated up from an Underweight to a Neutral and the price target has been revised to $100 from $90. Analysts at Cantor Fitzgerald started covering the stock with ‘”a Neutral”‘ outlook in a report released in late January. As of December 15, 2023, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for TER. Earlier on September 26, 2023, Northland Capital upgraded its rating. Their new recommendation was “an Outperform” for TER stock which previously was a “a Market perform”.
Analyzing TER Stock Performance
During the last five days, there has been a surge of approximately 7.32%. Over the course of the year, Teradyne, Inc. shares have jumped approximately 2.70%. Shares of the company reached a 52-week high of $113.60 on 01/24/24 and a 52-week low of $92.29 on 01/31/24. A 50-day SMA is recorded $103.64, while a 200-day SMA reached $101.84. Nevertheless, trading volume fell to 2.56 million shares from 2.44 million shares the previous day.
Support And Resistance Levels for Teradyne, Inc. (TER)
According to the 24-hour chart, there is a support level at 109.20, which, if violated, would cause prices to drop to 106.95. In the upper region, resistance lies at 113.35. The next price resistance is at 115.25. RSI (Relative Strength Index) is 63.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.33, which suggests the price will increase in the coming days. Percent R is at 13.48%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Teradyne, Inc. subject to short interest?
Stocks of Teradyne, Inc. saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.91 million shares to 5.33 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 4.42 million shares. A jump of 17.07% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.78 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.78.
