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. Transdigm Group Incorporated shares valued at $3,516,794 were sold by Reiss Joel on Mar 15 ’24. At $1172.26 per share, Reiss Joel sold 3,000 shares. The insider’s holdings dropped to 3,600 shares worth approximately $4.43 million following the completion of this transaction.
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Also, Stein Kevin M sold 10,000 shares, netting a total of over 11,651,377 in proceeds. Following the sale of shares at $1165.14 each, the insider now holds 8,158 shares.
Before that, Valladares Jorge had sold 6,346 shares from its account. In a trade valued at $7,488,326, the Director traded Transdigm Group Incorporated shares for $1180.01 each. Upon closing the transaction, the insider’s holdings decreased to 6,346 shares, worth approximately $13.55 million.
As published in their initiating research note from KeyBanc Capital Markets on January 17, 2024, Transdigm Group Incorporated [TDG] has been an Overweight and the price target has been revised to $1180. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid December. As of December 01, 2023, Stifel has initiated its “Hold” rating for TDG. Earlier on November 15, 2023, Alembic Global Advisors downgraded its rating. Their new recommendation was “a Neutral” for TDG stock which previously was a “an Overweight”.
Analyzing TDG Stock Performance
During the last five days, there has been a drop of approximately -0.06%. Over the course of the year, Transdigm Group Incorporated shares have jumped approximately 21.75%. Shares of the company reached a 52-week high of $1,238.95 on 03/28/24 and a 52-week low of $972.08 on 01/03/24. A 50-day SMA is recorded $1,152.65, while a 200-day SMA reached $965.37. Nevertheless, trading volume fell to 0.16 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for Transdigm Group Incorporated (TDG)
According to the 24-hour chart, there is a support level at 1,225.67, which, if violated, would cause prices to drop to 1,219.74. In the upper region, resistance lies at 1,238.24. The next price resistance is at 1,244.88. RSI (Relative Strength Index) is 67.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 25.73, which suggests the price will increase in the coming days. Percent R is at 7.16%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Transdigm Group Incorporated subject to short interest?
Stocks of Transdigm Group Incorporated saw a sharp steep in short interest on Mar 15, 2024 dropping by 40000.0 shares to 1.12 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.16 million shares. A decline of -3.57% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.04 of the overall float, the days-to-cover ratio (short ratio) decline to 5.04.
