Tetra Tech, Inc.’s recently made public that its CHIEF EXECUTIVE OFFICER BATRACK DAN L unloaded Company’s shares for reported $0.43 million on Nov 18 ’31. In the deal valued at $28.76 per share,15,000 shares were sold. As a result of this transaction, BATRACK DAN L now holds 159,029 shares worth roughly $30.93 million.
Then, BURDICK STEVEN M sold 7,515 shares, generating $1,320,160 in total proceeds. Upon selling the shares at $175.67, the EVP, CFO now owns 29,890 shares.
Before that, THOMPSON J KENNETH sold 3,500 shares. Tetra Tech, Inc. shares valued at $620,336 were divested by the Director at a price of $177.24 per share. As a result of the transaction, THOMPSON J KENNETH now holds 10,985 shares, worth roughly $2.14 million.
KeyBanc Capital Markets initiated its Tetra Tech, Inc. [TTEK] rating to an Overweight in a research note published on January 10, 2024; the price target was $191. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. RBC Capital Mkts began covering TTEK with “an Outperform” recommendation on August 28, 2023. KeyBanc Capital Markets revised its rating on January 17, 2023. It rated TTEK as “an Overweight” which previously was an “a Sector weight”.
Price Performance Review of TTEK
On Tuesday, Tetra Tech, Inc. [NASDAQ:TTEK] saw its stock jump 0.52% to $194.51. Over the last five days, the stock has gained 2.93%. Tetra Tech, Inc. shares have risen nearly 16.52% since the year began. Nevertheless, the stocks have risen 39.68% over the past one year. While a 52-week high of $193.88 was reached on 04/09/24, a 52-week low of $132.29 was recorded on 01/31/24. SMA at 50 days reached $179.32, while 200 days put it at $165.86. A total of 0.21 million shares were traded, compared to the trading of 0.18 million shares in the previous session.
Levels Of Support And Resistance For TTEK Stock
The 24-hour chart illustrates a support level at 193.29, which if violated will result in even more drops to 192.07. On the upside, there is a resistance level at 195.36. A further resistance level may holdings at 196.21. The Relative Strength Index (RSI) on the 14-day chart is 74.09, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.79%. Stochastics %K at 96.78% indicates the stock is a selling.
How much short interest is there in Tetra Tech, Inc.?
A steep rise in short interest was recorded in Tetra Tech, Inc. stocks on Mar 15, 2024, dropping by 62200.0 shares to a total of 0.9 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.96 million shares. There was a decline of -6.89%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.14% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.55.
The most recent change occurred on July 15, 2022 when Northcoast began covering the stock and recommended ‘”a Neutral”‘ rating .
