Transdigm Group Incorporated’s recently made public that its Co-Chief Operating Officer Reiss Joel unloaded Company’s shares for reported $3.7 million on Apr 15 ’24. In the deal valued at $1233.10 per share,3,000 shares were sold. As a result of this transaction, Reiss Joel now holds 3,600 shares worth roughly $4.72 million.
Then, Stein Kevin M sold 10,000 shares, generating $12,161,565 in total proceeds. Upon selling the shares at $1216.16, the President & CEO now owns 8,158 shares.
Before that, Reiss Joel sold 3,000 shares. Transdigm Group Incorporated shares valued at $3,516,794 were divested by the Co-Chief Operating Officer at a price of $1172.26 per share. As a result of the transaction, Reiss Joel now holds 3,600 shares, worth roughly $4.72 million.
KeyBanc Capital Markets initiated its Transdigm Group Incorporated [TDG] rating to an Overweight in a research note published on January 17, 2024; the price target was $1180. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. Stifel began covering TDG with “Hold” recommendation on December 01, 2023. Alembic Global Advisors revised its rating on November 15, 2023. It rated TDG as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of TDG
On Tuesday, Transdigm Group Incorporated [NYSE:TDG] saw its stock jump 0.67% to $1310.40. Over the last five days, the stock has gained 5.00%. Transdigm Group Incorporated shares have risen nearly 29.54% since the year began. Nevertheless, the stocks have risen 77.09% over the past one year. While a 52-week high of $1309.43 was reached on 05/07/24, a 52-week low of $738.84 was recorded on 01/03/24. SMA at 50 days reached $1,216.08, while 200 days put it at $1,015.15. A total of 0.44 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For TDG Stock
The 24-hour chart illustrates a support level at 1,261.93, which if violated will result in even more drops to 1,213.45. On the upside, there is a resistance level at 1,336.95. A further resistance level may holdings at 1,363.49. The Relative Strength Index (RSI) on the 14-day chart is 71.00, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 49.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.57%. Stochastics %K at 93.96% indicates the stock is a selling.
The most recent change occurred on October 11, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $950 price target.
