Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TE Connectivity Ltd shares valued at $996,656 were sold by Trudeau Mark on Apr 29 ’24. At $141.49 per share, Trudeau Mark sold 7,044 shares. The insider’s holdings dropped to 5,917 shares worth approximately $0.83 million following the completion of this transaction.
Also, Kroeger Shadrak W sold 5,000 shares, netting a total of over 713,796 in proceeds. Following the sale of shares at $142.76 each, the insider now holds 25,976 shares.
Before that, MERKT STEVEN T had sold 99,777 shares from its account. In a trade valued at $14,367,888, the President, Transportation Sol. traded TE Connectivity Ltd shares for $144.00 each. Upon closing the transaction, the insider’s holdings decreased to 99,777 shares, worth approximately $4.25 million.
As published in their initiating research note from Jefferies on April 09, 2024, TE Connectivity Ltd [TEL] has been a Buy and the price target has been revised to $180. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in early January. As of December 15, 2023, Wells Fargo has initiated its “an Equal weight” rating for TEL. Earlier on October 06, 2023, TD Cowen upgraded its rating. Their new recommendation was “an Outperform” for TEL stock which previously was a “a Market perform”.
Analyzing TEL Stock Performance
During the last five days, there has been a drop of approximately -0.39%. Over the course of the year, TE Connectivity Ltd shares have dropped approximately -0.75%. Shares of the company reached a 52-week high of $147.98 on 04/09/24 and a 52-week low of $128.52 on 01/17/24. A 50-day SMA is recorded $142.48, while a 200-day SMA reached $134.75. Nevertheless, trading volume fell to 1.41 million shares from 2.08 million shares the previous day.
Support And Resistance Levels for TE Connectivity Ltd (TEL)
According to the 24-hour chart, there is a support level at 138.58, which, if violated, would cause prices to drop to 137.72. In the upper region, resistance lies at 141.15. The next price resistance is at 142.86. RSI (Relative Strength Index) is 43.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 85.83%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
