Terex Corp.’s recently made public that its Former DIR, Chairman and CEO GARRISON JOHN L JR unloaded Company’s shares for reported $3.21 million on Mar 27 ’24. In the deal valued at $64.28 per share,50,000 shares were sold. As a result of this transaction, GARRISON JOHN L JR now holds 315,483 shares worth roughly $19.01 million.
Then, GARRISON JOHN L JR sold 15,906 shares, generating $982,036 in total proceeds. Upon selling the shares at $61.74, the Former DIR, Chairman and CEO now owns 364,928 shares.
Before that, GARRISON JOHN L JR sold 59,094 shares. Terex Corp. shares valued at $3,549,777 were divested by the Former DIR, Chairman and CEO at a price of $60.07 per share. As a result of the transaction, GARRISON JOHN L JR now holds 380,834 shares, worth roughly $22.95 million.
JP Morgan downgraded its Terex Corp. [TEX] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. UBS also remained covering TEX and has decreased its forecast on February 13, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on January 19, 2024. It rated TEX as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of TEX
On Friday, Terex Corp. [NYSE:TEX] saw its stock jump 0.80% to $60.25. Over the last five days, the stock has lost -4.92%. Terex Corp. shares have risen nearly 4.86% since the year began. Nevertheless, the stocks have risen 31.64% over the past one year. While a 52-week high of $65.89 was reached on 04/05/24, a 52-week low of $42.50 was recorded on 02/22/24. SMA at 50 days reached $59.75, while 200 days put it at $57.09. A total of 0.91 million shares were traded, compared to the trading of 0.86 million shares in the previous session.
Levels Of Support And Resistance For TEX Stock
The 24-hour chart illustrates a support level at 59.39, which if violated will result in even more drops to 58.52. On the upside, there is a resistance level at 60.79. A further resistance level may holdings at 61.32. The Relative Strength Index (RSI) on the 14-day chart is 42.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.58%. Stochastics %K at 8.28% indicates the stock is a buying.
