In a filing, Teradata Corp revealed its Chief Marketing Officer Woods Jacqueline D. unloaded Company’s shares for reported $51754.0 on Mar 07 ’24. In the deal valued at $38.34 per share,1,350 shares were sold. As a result of this transaction, Woods Jacqueline D. now holds 78,277 shares worth roughly $2.99 million.
Then, Woods Jacqueline D. sold 7,270 shares, generating $281,007 in total proceeds. Upon selling the shares at $38.65, the Chief Marketing Officer now owns 80,951 shares.
Before that, Cullen-Cote Kathleen R sold 26,275 shares. Teradata Corp shares valued at $987,231 were divested by the Chief People Officer at a price of $37.57 per share. As a result of the transaction, Cullen-Cote Kathleen R now holds 127,595 shares, worth roughly $4.88 million.
Morgan Stanley downgraded its Teradata Corp [TDC] rating to an Equal-weight from a an Overweight in a research note published on February 13, 2024; the price target was decreased to $48 from $74. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. Evercore ISI began covering TDC with “an Outperform” recommendation on September 28, 2023. Northland Capital started covering the stock on May 02, 2023. It rated TDC as “an Outperform”.
Price Performance Review of TDC
On Friday, Teradata Corp [NYSE:TDC] saw its stock fall -1.06% to $38.21. Over the last five days, the stock has lost -1.19%. Teradata Corp shares have fallen nearly -12.18% since the year began. Nevertheless, the stocks have fallen -6.33% over the past one year. While a 52-week high of $57.73 was reached on 02/12/24, a 52-week low of $36.72 was recorded on 02/13/24. SMA at 50 days reached $40.65, while 200 days put it at $45.48. A total of 0.94 million shares were traded, compared to the trading of 0.7 million shares in the previous session.
Levels Of Support And Resistance For TDC Stock
The 24-hour chart illustrates a support level at 38.01, which if violated will result in even more drops to 37.81. On the upside, there is a resistance level at 38.53. A further resistance level may holdings at 38.85. The Relative Strength Index (RSI) on the 14-day chart is 44.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.40%. Stochastics %K at 45.67% indicates the stock is a holding.
How much short interest is there in Teradata Corp?
A steep rise in short interest was recorded in Teradata Corp stocks on Mar 15, 2024, dropping by -0.11 million shares to a total of 3.11 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.22 million shares. There was a decline of -3.54%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.18% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.11.
