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Evercore ISI gives an Outperform recommendation for Sensata Technologies Holding Plc (ST)

Sensata Technologies Holding Plc’s filing revealed that its President and CEO (Interim) Sullivan Martha N. unloaded Company’s shares for reported $4.64 million on May 08 ’24. In the deal valued at $42.52 per share,109,022 shares were sold. As a result of this transaction, Sullivan Martha N. now holds 458,660 shares worth roughly $17.5 million.

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Then, Mirshekari Ali John bought 195,173 shares, generating $7,771,242 in total proceeds. Upon buying the shares at $39.82, the Director now owns 268,310 shares.

Before that, Mirshekari Ali John bought 73,137 shares. Sensata Technologies Holding Plc shares valued at $2,865,025 were divested by the Director at a price of $39.17 per share. As a result of the transaction, Mirshekari Ali John now holds 73,137 shares, worth roughly $2.79 million.

Evercore ISI upgraded its Sensata Technologies Holding Plc [ST] rating to an Outperform from a an In-line in a research note published on May 06, 2024; the price target was increased to $60 from $44. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early April with a ‘”a Hold”‘ rating. Goldman also remained covering ST and has decreased its forecast on April 09, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on February 07, 2024. It rated ST as “a Neutral” which previously was an “a Buy”.

Price Performance Review of ST

On Friday, Sensata Technologies Holding Plc [NYSE:ST] saw its stock fall -2.93% to $38.15. Over the last five days, the stock has lost -3.32%. Sensata Technologies Holding Plc shares have risen nearly 1.54% since the year began. Nevertheless, the stocks have fallen -14.37% over the past one year. While a 52-week high of $47.41 was reached on 05/15/24, a 52-week low of $30.56 was recorded on 02/13/24. SMA at 50 days reached $38.81, while 200 days put it at $36.11. A total of 2.16 million shares were traded, compared to the trading of 1.42 million shares in the previous session.

Levels Of Support And Resistance For ST Stock

The 24-hour chart illustrates a support level at 37.49, which if violated will result in even more drops to 36.84. On the upside, there is a resistance level at 39.00. A further resistance level may holdings at 39.86. The Relative Strength Index (RSI) on the 14-day chart is 35.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.63%. Stochastics %K at 15.31% indicates the stock is a buying.

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