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BofA Securities downgrades Teradata Corp (TDC) stock to an Underperform

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In a filing, Teradata Corp revealed its Chief Customer Officer Hutchinson Michael D unloaded Company’s shares for reported $0.61 million on May 09 ’24. In the deal valued at $32.96 per share,18,500 shares were sold. As a result of this transaction, Hutchinson Michael D now holds 55,190 shares worth roughly $1.82 million.

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Then, Woods Jacqueline D. sold 1,350 shares, generating $51,754 in total proceeds. Upon selling the shares at $38.34, the Chief Marketing Officer now owns 78,277 shares.

Before that, Woods Jacqueline D. sold 7,270 shares. Teradata Corp shares valued at $281,007 were divested by the Chief Marketing Officer at a price of $38.65 per share. As a result of the transaction, Woods Jacqueline D. now holds 80,951 shares, worth roughly $2.67 million.

BofA Securities downgraded its Teradata Corp [TDC] rating to an Underperform from a a Neutral in a research note published on May 07, 2024; the price target was decreased to $39 from $48. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid February from “an Overweight” to “an Equal-weight”. BofA Securities also remained covering TDC and has decreased its forecast on February 13, 2024 with a “Neutral” recommendation from previously “Buy” rating. Evercore ISI started covering the stock on September 28, 2023. It rated TDC as “an Outperform”.

Price Performance Review of TDC

On Friday, Teradata Corp [NYSE:TDC] saw its stock jump 0.43% to $33.02. Over the last five days, the stock has lost -11.33%. Teradata Corp shares have fallen nearly -24.11% since the year began. Nevertheless, the stocks have fallen -26.36% over the past one year. While a 52-week high of $57.73 was reached on 02/12/24, a 52-week low of $31.61 was recorded on 05/07/24. SMA at 50 days reached $37.37, while 200 days put it at $43.28. A total of 0.78 million shares were traded, compared to the trading of 1.18 million shares in the previous session.

Levels Of Support And Resistance For TDC Stock

The 24-hour chart illustrates a support level at 32.65, which if violated will result in even more drops to 32.28. On the upside, there is a resistance level at 33.43. A further resistance level may holdings at 33.83. The Relative Strength Index (RSI) on the 14-day chart is 28.55, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.39%. Stochastics %K at 18.37% indicates the stock is a buying.

The most recent change occurred on May 02, 2023 when Northland Capital began covering the stock and recommended ‘”an Outperform”‘ rating along with a $63 price target.

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