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. Tetra Technologies, Inc. shares valued at $59,899 were sold by BATES THOMAS R JR on Aug 02 ’23. At $4.99 per share, BATES THOMAS R JR sold 12,000 shares. The insider’s holdings dropped to 505,373 shares worth approximately $2.25 million following the completion of this transaction.
As published in their initiating research note from The Benchmark Company on September 28, 2023, Tetra Technologies, Inc. [TTI] has been a Buy and the price target has been revised to $8. Analysts at Johnson Rice upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late June. As of February 03, 2021, Stifel has increased its “Hold” rating to a “Buy” for TTI. Earlier on February 02, 2021, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for TTI stock which previously was a “an Underperform”.
Analyzing TTI Stock Performance
During the last five days, there has been a surge of approximately 2.53%. Over the course of the year, Tetra Technologies, Inc. shares have dropped approximately -1.55%. Shares of the company reached a 52-week high of $5.08 on 04/08/24 and a 52-week low of $3.71 on 02/26/24. A 50-day SMA is recorded $4.28, while a 200-day SMA reached $4.80. Nevertheless, trading volume fell to 0.86 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for Tetra Technologies, Inc. (TTI)
According to the 24-hour chart, there is a support level at 4.37, which, if violated, would cause prices to drop to 4.30. In the upper region, resistance lies at 4.51. The next price resistance is at 4.57. RSI (Relative Strength Index) is 48.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 81.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
