TE Connectivity Ltd’s filing revealed that its Director Trudeau Mark unloaded Company’s shares for reported $1.0 million on Apr 29 ’24. In the deal valued at $141.49 per share,7,044 shares were sold. As a result of this transaction, Trudeau Mark now holds 5,917 shares worth roughly $0.84 million.
Then, Kroeger Shadrak W sold 5,000 shares, generating $713,796 in total proceeds. Upon selling the shares at $142.76, the Pres., Industrial Solutions now owns 25,976 shares.
Before that, MERKT STEVEN T sold 99,777 shares. TE Connectivity Ltd shares valued at $14,367,888 were divested by the President, Transportation Sol. at a price of $144.00 per share. As a result of the transaction, MERKT STEVEN T now holds 30,459 shares, worth roughly $4.33 million.
Jefferies initiated its TE Connectivity Ltd [TEL] rating to a Buy in a research note published on April 09, 2024; the price target was $180. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early January with a ‘”a Neutral”‘ rating. Wells Fargo began covering TEL with “an Equal weight” recommendation on December 15, 2023. TD Cowen revised its rating on October 06, 2023. It rated TEL as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of TEL
On Friday, TE Connectivity Ltd [NYSE:TEL] saw its stock jump 1.42% to $142.00. Over the last five days, the stock has gained 1.28%. TE Connectivity Ltd shares have risen nearly 1.07% since the year began. Nevertheless, the stocks have risen 16.96% over the past one year. While a 52-week high of $147.98 was reached on 04/09/24, a 52-week low of $115.00 was recorded on 01/17/24. SMA at 50 days reached $142.43, while 200 days put it at $134.73. A total of 1.2 million shares were traded, compared to the trading of 1.72 million shares in the previous session.
Levels Of Support And Resistance For TEL Stock
The 24-hour chart illustrates a support level at 140.53, which if violated will result in even more drops to 139.05. On the upside, there is a resistance level at 143.21. A further resistance level may holdings at 144.41. The Relative Strength Index (RSI) on the 14-day chart is 49.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.13%. Stochastics %K at 33.02% indicates the stock is a holding.
