Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Teradata Corp shares valued at $51,754 were sold by Woods Jacqueline D. on Mar 07 ’24. At $38.34 per share, Woods Jacqueline D. sold 1,350 shares. The insider’s holdings dropped to 78,277 shares worth approximately $3.08 million following the completion of this transaction.
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Also, Woods Jacqueline D. sold 7,270 shares, netting a total of over 281,007 in proceeds. Following the sale of shares at $38.65 each, the insider now holds 80,951 shares.
Before that, Cullen-Cote Kathleen R had sold 26,275 shares from its account. In a trade valued at $987,231, the Chief People Officer traded Teradata Corp shares for $37.57 each. Upon closing the transaction, the insider’s holdings decreased to 26,275 shares, worth approximately $5.02 million.
As published in a research note from Morgan Stanley on February 13, 2024, Teradata Corp [TDC] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $48 from $74. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of September 28, 2023, Evercore ISI has initiated its “an Outperform” rating for TDC. Earlier on May 02, 2023, Northland Capital initiated its rating. Their recommendation was “an Outperform” for TDC stock.
Analyzing TDC Stock Performance
During the last five days, there has been a surge of approximately 3.33%. Over the course of the year, Teradata Corp shares have dropped approximately -9.52%. Shares of the company reached a 52-week high of $49.44 on 02/12/24 and a 52-week low of $36.72 on 02/13/24. A 50-day SMA is recorded $41.78, while a 200-day SMA reached $45.86. Nevertheless, trading volume fell to 1.17 million shares from 0.97 million shares the previous day.
Support And Resistance Levels for Teradata Corp (TDC)
According to the 24-hour chart, there is a support level at 38.92, which, if violated, would cause prices to drop to 38.47. In the upper region, resistance lies at 39.63. The next price resistance is at 39.89. RSI (Relative Strength Index) is 52.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.59, which suggests the price will decrease in the coming days. Percent R is at 3.35%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Teradata Corp subject to short interest?
Stocks of Teradata Corp saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.23 million shares to 3.0 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 2.77 million shares. A jump of 7.67% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.11 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.11.
