Recent Insider Activity Could Benefit TTM Technologies Inc (TTMI)

TTM Technologies Inc’s recent filing unveils that its President C&C Farrell Robert P. unloaded Company’s shares for reported $7174.0 on Feb 16 ’24. In the deal valued at $15.63 per share,459 shares were sold. As a result of this transaction, Farrell Robert P. now holds 20,038 shares worth roughly $0.3 million.

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Then, Clapprood Tom sold 3,500 shares, generating $57,671 in total proceeds. Upon selling the shares at $16.48, the President A&D Radar Systems now owns 52,264 shares.

Before that, SANCHEZ TONY sold 191 shares. TTM Technologies Inc shares valued at $2,703 were divested by the VP, Corporate Controller at a price of $14.15 per share. As a result of the transaction, SANCHEZ TONY now holds 22,928 shares, worth roughly $0.34 million.

Truist upgraded its TTM Technologies Inc [TTMI] rating to a Buy from a a Hold in a research note published on November 02, 2023; the price target was increased to $16.50 from $16. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Hold”. Truist also remained covering TTMI and has decreased its forecast on February 10, 2022 with a “Hold” recommendation from previously “Buy” rating. Craig Hallum started covering the stock on September 29, 2020. It rated TTMI as “a Buy”.

Price Performance Review of TTMI

On Tuesday, TTM Technologies Inc [NASDAQ:TTMI] saw its stock fall -2.73% to $14.98. Over the last five days, the stock has gained 7.15%. TTM Technologies Inc shares have fallen nearly -5.25% since the year began. Nevertheless, the stocks have risen 18.89% 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 $14.79, while 200 days put it at $14.18. A total of 0.46 million shares were traded, compared to the trading of 0.34 million shares in the previous session.

Levels Of Support And Resistance For TTMI Stock

The 24-hour chart illustrates a support level at 14.78, which if violated will result in even more drops to 14.57. On the upside, there is a resistance level at 15.36. A further resistance level may holdings at 15.73. The Relative Strength Index (RSI) on the 14-day chart is 52.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.45%. Stochastics %K at 74.87% 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 Feb 29, 2024, dropping by -0.66 million shares to a total of 1.36 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.02 million shares. There was a decline of -48.53%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.88% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.53.

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