Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Tesla Inc shares valued at $1,850,100 were sold by Baglino Andrew D on Apr 01 ’24. At $176.20 per share, Baglino Andrew D sold 10,500 shares. The insider’s holdings dropped to 31,230 shares worth approximately $4.85 million following the completion of this transaction.
Also, DENHOLM ROBYN M sold 93,705 shares, netting a total of over 16,439,650 in proceeds. Following the sale of shares at $175.44 each, the insider now holds 15,000 shares.
Before that, Zhu Xiaotong had sold 687 shares from its account. In a trade valued at $121,716, the SVP, Automotive traded Tesla Inc shares for $177.11 each. Upon closing the transaction, the insider’s holdings decreased to 687 shares, worth approximately $9.82 million.
As published in a research note from Barclays on April 17, 2024, Tesla Inc [TSLA] has been retained to an Equal weight and the price target has been revised to $180. Analysts at Wells Fargo resumed the stock at ‘”an Underweight”‘ outlook in a report released in mid April. As of April 12, 2024, Citigroup has reiterated its “Neutral” rating for TSLA. Earlier on April 10, 2024, Piper Sandler resumed its rating. Their recommendation was “an Overweight” for TSLA stock.
Analyzing TSLA Stock Performance
During the last five days, there has been a drop of approximately -9.50%. Over the course of the year, Tesla Inc shares have dropped approximately -37.44%. Shares of the company reached a 52-week high of $251.25 on 01/02/24 and a 52-week low of $153.75 on 04/16/24. A 50-day SMA is recorded $180.18, while a 200-day SMA reached $226.30. Nevertheless, trading volume fell to 82.02 million shares from 97.0 million shares the previous day.
Support And Resistance Levels for Tesla Inc (TSLA)
According to the 24-hour chart, there is a support level at 153.38, which, if violated, would cause prices to drop to 151.30. In the upper region, resistance lies at 157.93. The next price resistance is at 160.40. RSI (Relative Strength Index) is 34.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.80, which suggests the price will decrease in the coming days. Percent R is at 93.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
