The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Teradyne, Inc. shares valued at $1,414 were purchased by MATZ MARILYN on Mar 15 ’24. At $106.04 per share, MATZ MARILYN acquired 13 shares. The insider’s holdings grew to 14,326 shares worth approximately $1.44 million following the completion of this transaction.
Also, MADDOCK ERNEST E purchased 1,000 shares, netting a total of over 94,070 in proceeds. Following the buying of shares at $94.07 each, the insider now holds 4,728 shares.
Before that, Mehta Sanjay had sold 8,653 shares from its account. In a trade valued at $909,424, the VP and Chief Financial Officer traded Teradyne, Inc. shares for $105.10 each. Upon closing the transaction, the insider’s holdings decreased to 8,653 shares, worth approximately $3.12 million.
As published in their initiating research note from Evercore ISI on April 16, 2024, Teradyne, Inc. [TER] has been an Outperform and the price target has been revised to $130. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of January 23, 2024, Cantor Fitzgerald has initiated its “Neutral” rating for TER. Earlier on December 15, 2023, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for TER stock which previously was a “a Neutral”.
Analyzing TER Stock Performance
During the last five days, there has been a drop of approximately -8.46%. Over the course of the year, Teradyne, Inc. shares have dropped approximately -7.67%. Shares of the company reached a 52-week high of $114.83 on 04/01/24 and a 52-week low of $92.29 on 01/31/24. A 50-day SMA is recorded $105.10, while a 200-day SMA reached $101.81. Nevertheless, trading volume fell to 2.11 million shares from 2.24 million shares the previous day.
Support And Resistance Levels for Teradyne, Inc. (TER)
According to the 24-hour chart, there is a support level at 99.29, which, if violated, would cause prices to drop to 98.39. In the upper region, resistance lies at 101.83. The next price resistance is at 103.47. RSI (Relative Strength Index) is 38.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.57, which suggests the price will decrease in the coming days. Percent R is at 98.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
