TE Connectivity Ltd’s recently made public that its Pres., Industrial Solutions Kroeger Shadrak W unloaded Company’s shares for reported $0.71 million on Mar 01 ’24. In the deal valued at $142.76 per share,5,000 shares were sold. As a result of this transaction, Kroeger Shadrak W now holds 25,976 shares worth roughly $3.71 million.
Then, MERKT STEVEN T sold 99,777 shares, generating $14,367,888 in total proceeds. Upon selling the shares at $144.00, the President, Transportation Sol. now owns 30,459 shares.
Before that, CURTIN TERRENCE R sold 15,772 shares. TE Connectivity Ltd shares valued at $2,228,110 were divested by the Chief Exec. Officer & Director at a price of $141.27 per share. As a result of the transaction, CURTIN TERRENCE R now holds 54,969 shares, worth roughly $7.86 million.
Jefferies initiated its TE Connectivity Ltd [TEL] rating to a Buy in a research note published on April 09, 2024; the price target was $180. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early January with a ‘”a Neutral”‘ rating. Wells Fargo began covering TEL with “an Equal weight” recommendation on December 15, 2023. TD Cowen revised its rating on October 06, 2023. It rated TEL as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of TEL
On Friday, TE Connectivity Ltd [NYSE:TEL] saw its stock fall -2.54% to $142.98. Over the last five days, the stock has lost -1.15%. TE Connectivity Ltd shares have risen nearly 1.77% since the year began. Nevertheless, the stocks have risen 14.04% over the past one year. While a 52-week high of $147.98 was reached on 04/09/24, a 52-week low of $115.00 was recorded on 01/17/24. SMA at 50 days reached $142.68, while 200 days put it at $134.68. A total of 1.95 million shares were traded, compared to the trading of 1.32 million shares in the previous session.
Levels Of Support And Resistance For TEL Stock
The 24-hour chart illustrates a support level at 141.86, which if violated will result in even more drops to 140.73. On the upside, there is a resistance level at 145.05. A further resistance level may holdings at 147.11. The Relative Strength Index (RSI) on the 14-day chart is 48.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.42%. Stochastics %K at 52.57% indicates the stock is a holding.
