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TE Connectivity Ltd [TEL] Investment Appeal on the Rise

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TE Connectivity Ltd’s recent filing unveils that its Pres., Industrial Solutions Kroeger Shadrak W unloaded Company’s shares for reported $0.75 million on Jun 03 ’24. In the deal valued at $149.86 per share,5,000 shares were sold. As a result of this transaction, Kroeger Shadrak W now holds 25,976 shares worth roughly $3.87 million.

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Then, Stucki Aaron Kyle sold 5,000 shares, generating $750,000 in total proceeds. Upon selling the shares at $150.00, the Pres. Communications Solutions now owns 20,533 shares.

Before that, Trudeau Mark sold 7,044 shares. TE Connectivity Ltd shares valued at $996,656 were divested by the Director at a price of $141.49 per share. As a result of the transaction, Trudeau Mark now holds 5,917 shares, worth roughly $0.88 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 fall -0.11% to $149.17. Over the last five days, the stock has lost -0.35%. TE Connectivity Ltd shares have risen nearly 6.17% since the year began. Nevertheless, the stocks have risen 16.09% over the past one year. While a 52-week high of $152.79 was reached on 05/22/24, a 52-week low of $115.00 was recorded on 01/17/24. SMA at 50 days reached $145.72, while 200 days put it at $136.15. A total of 1.48 million shares were traded, compared to the trading of 1.09 million shares in the previous session.

Levels Of Support And Resistance For TEL Stock

The 24-hour chart illustrates a support level at 148.32, which if violated will result in even more drops to 147.48. On the upside, there is a resistance level at 150.16. A further resistance level may holdings at 151.16. The Relative Strength Index (RSI) on the 14-day chart is 54.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.26%. Stochastics %K at 47.01% indicates the stock is a holding.

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