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A company insider recently sold 2,600 shares of TTM Technologies Inc [TTMI]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TTM Technologies Inc shares valued at $49,400 were sold by Soder Douglas L on Jun 18 ’24. At $19.00 per share, Soder Douglas L sold 2,600 shares. The insider’s holdings dropped to 236,974 shares worth approximately $4.5 million following the completion of this transaction.

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Also, Soder Douglas L sold 25,000 shares, netting a total of over 450,262 in proceeds. Following the sale of shares at $18.01 each, the insider now holds 239,574 shares.

Before that, Knecht Dale Martin had sold 7,029 shares from its account. In a trade valued at $127,508, the SVP Information Technology traded TTM Technologies Inc shares for $18.14 each. Upon closing the transaction, the insider’s holdings decreased to 7,029 shares, worth approximately $1.71 million.

As published in a research note from Stifel on May 02, 2024, TTM Technologies Inc [TTMI] has been rated up from a Hold to a Buy and the price target has been revised to $19 from $15. Analysts at Truist upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of January 26, 2023, Stifel has decreased its “Buy” rating to a “Hold” for TTMI. Earlier on February 10, 2022, Truist downgraded its rating. Their new recommendation was “a Hold” for TTMI stock which previously was a “a Buy”.

Analyzing TTMI Stock Performance

During the last five days, there has been a surge of approximately 1.55%. Over the course of the year, TTM Technologies Inc shares have jumped approximately 20.24%. Shares of the company reached a 52-week high of $19.20 on 06/20/24 and a 52-week low of $13.43 on 05/01/24. A 50-day SMA is recorded $17.11, while a 200-day SMA reached $14.94. Nevertheless, trading volume fell to 0.72 million shares from 0.57 million shares the previous day.

Support And Resistance Levels for TTM Technologies Inc (TTMI)

According to the 24-hour chart, there is a support level at 18.83, which, if violated, would cause prices to drop to 18.65. In the upper region, resistance lies at 19.20. The next price resistance is at 19.38. RSI (Relative Strength Index) is 62.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 14.83%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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