Tesla Inc’s recent filing unveils that its Director DENHOLM ROBYN M unloaded Company’s shares for reported $17.32 million on May 06 ’24. In the deal valued at $184.86 per share,93,705 shares were sold. As a result of this transaction, DENHOLM ROBYN M now holds 15,000 shares worth roughly $2.69 million.
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Then, Baglino Andrew D sold 10,500 shares, generating $1,850,100 in total proceeds. Upon selling the shares at $176.20, the SVP Powertrain and Energy Eng. now owns 31,230 shares.
Before that, DENHOLM ROBYN M sold 93,705 shares. Tesla Inc shares valued at $16,439,650 were divested by the Director at a price of $175.44 per share. As a result of the transaction, DENHOLM ROBYN M now holds 15,000 shares, worth roughly $2.69 million.
Cantor Fitzgerald initiated its Tesla Inc [TSLA] rating to an Overweight in a research note published on May 02, 2024; the price target was $230. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late April from “a Neutral” to “a Buy”. RBC Capital Mkts also remained covering TSLA and reiterated its “an Outperform” recommendation on April 24, 2024. Deutsche Bank revised its rating on April 18, 2024. It rated TSLA as “a Hold” which previously was an “a Buy”.
Price Performance Review of TSLA
On Friday, Tesla Inc [NASDAQ:TSLA] saw its stock jump 3.17% to $179.24. Over the last five days, the stock has gained 1.00%. Tesla Inc shares have fallen nearly -27.87% since the year began. Nevertheless, the stocks have fallen -2.00% over the past one year. While a 52-week high of $299.29 was reached on 01/02/24, a 52-week low of $138.80 was recorded on 04/22/24. SMA at 50 days reached $171.45, while 200 days put it at $213.35. A total of 65.4 million shares were traded, compared to the trading of 71.98 million shares in the previous session.
Levels Of Support And Resistance For TSLA Stock
The 24-hour chart illustrates a support level at 175.29, which if violated will result in even more drops to 171.33. On the upside, there is a resistance level at 181.64. A further resistance level may holdings at 184.03. The Relative Strength Index (RSI) on the 14-day chart is 53.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.74, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.92%. Stochastics %K at 50.90% indicates the stock is a holding.
The most recent change occurred on April 17, 2024 when Barclays resumed its ‘”an Equal weight”‘ rating for the stock and retained the price target to $180.
