Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TE Connectivity Ltd shares valued at $750,000 were sold by Stucki Aaron Kyle on May 15 ’24. At $150.00 per share, Stucki Aaron Kyle sold 5,000 shares. The insider’s holdings dropped to 20,533 shares worth approximately $3.11 million following the completion of this transaction.
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Also, Trudeau Mark sold 7,044 shares, netting a total of over 996,656 in proceeds. Following the sale of shares at $141.49 each, the insider now holds 5,917 shares.
Before that, Kroeger Shadrak W had sold 5,000 shares from its account. In a trade valued at $713,796, the Pres., Industrial Solutions traded TE Connectivity Ltd shares for $142.76 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $3.94 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 surge of approximately 0.13%. Over the course of the year, TE Connectivity Ltd shares have jumped approximately 7.94%. Shares of the company reached a 52-week high of $152.79 on 05/22/24 and a 52-week low of $128.52 on 01/17/24. A 50-day SMA is recorded $144.01, while a 200-day SMA reached $135.16. Nevertheless, trading volume fell to 1.21 million shares from 0.99 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 150.96, which, if violated, would cause prices to drop to 150.26. In the upper region, resistance lies at 152.57. The next price resistance is at 153.49. RSI (Relative Strength Index) is 69.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.83, which suggests the price will increase in the coming days. Percent R is at 8.98%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
