Tesla Inc’s filing revealed that its SVP, Automotive Zhu Xiaotong unloaded Company’s shares for reported $0.11 million on Jun 06 ’24. In the deal valued at $174.21 per share,650 shares were sold. As a result of this transaction, Zhu Xiaotong now holds 65,155 shares worth roughly $11.12 million.
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Then, DENHOLM ROBYN M sold 93,705 shares, generating $17,322,282 in total proceeds. Upon selling the shares at $184.86, the Director now owns 15,000 shares.
Before that, Baglino Andrew D sold 10,500 shares. Tesla Inc shares valued at $1,850,100 were divested by the SVP Powertrain and Energy Eng. at a price of $176.20 per share. As a result of the transaction, Baglino Andrew D now holds 31,230 shares, worth roughly $5.33 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 Tuesday, Tesla Inc [NASDAQ:TSLA] saw its stock fall -1.80% to $170.66. Over the last five days, the stock has lost -2.35%. Tesla Inc shares have fallen nearly -31.32% since the year began. Nevertheless, the stocks have fallen -30.17% 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 $171.98, while 200 days put it at $210.27. A total of 64.46 million shares were traded, compared to the trading of 50.87 million shares in the previous session.
Levels Of Support And Resistance For TSLA Stock
The 24-hour chart illustrates a support level at 167.13, which if violated will result in even more drops to 163.60. On the upside, there is a resistance level at 174.47. A further resistance level may holdings at 178.28. The Relative Strength Index (RSI) on the 14-day chart is 44.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.17%. Stochastics %K at 22.46% 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.
