Teledyne Technologies Inc’s recently made public that its Director LORNE SIMON M unloaded Company’s shares for reported $0.94 million on Mar 08 ’24. In the deal valued at $426.70 per share,2,200 shares were sold. As a result of this transaction, LORNE SIMON M now holds 67,288 shares worth roughly $28.0 million.
Then, CROCKER CHARLES sold 4,000 shares, generating $1,689,846 in total proceeds. Upon selling the shares at $422.46, the Director now owns 45,932 shares.
Before that, SMITH MICHAEL T sold 4,665 shares. Teledyne Technologies Inc shares valued at $2,010,654 were divested by the Director at a price of $431.01 per share. As a result of the transaction, SMITH MICHAEL T now holds 56,492 shares, worth roughly $23.5 million.
Needham reiterated its Teledyne Technologies Inc [TDY] rating to a Buy in a research note published on December 22, 2023; the price target was $522. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. UBS began covering TDY with “Buy” recommendation on September 27, 2023. Goldman revised its rating on August 14, 2023. It rated TDY as “a Buy” which previously was an “a Neutral”.
Price Performance Review of TDY
On Tuesday, Teledyne Technologies Inc [NYSE:TDY] saw its stock jump 0.36% to $416.06. Over the last five days, the stock has lost -1.52%. Teledyne Technologies Inc shares have fallen nearly -6.77% since the year began. Nevertheless, the stocks have fallen -4.10% over the past one year. While a 52-week high of $448.19 was reached on 01/24/24, a 52-week low of $364.98 was recorded on 03/15/24. SMA at 50 days reached $425.25, while 200 days put it at $411.82. A total of 0.53 million shares were traded, compared to the trading of 0.28 million shares in the previous session.
Levels Of Support And Resistance For TDY Stock
The 24-hour chart illustrates a support level at 413.55, which if violated will result in even more drops to 411.05. On the upside, there is a resistance level at 417.78. A further resistance level may holdings at 419.51. The Relative Strength Index (RSI) on the 14-day chart is 40.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.58%. Stochastics %K at 14.29% indicates the stock is a buying.
How much short interest is there in Teledyne Technologies Inc?
A steep rise in short interest was recorded in Teledyne Technologies Inc stocks on Mar 28, 2024, growing by 95430.0 shares to a total of 0.8 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.71 million shares. There was a rise of 11.91%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.20% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.67.
The most recent change occurred on December 13, 2022 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $503 price target.
