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Teleflex Incorporated [TFX] Records 50-Day SMA of $209.14

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Teleflex Incorporated shares valued at $1,665,225 were sold by Hicks Cameron P on Mar 05 ’24. At $225.00 per share, Hicks Cameron P sold 7,401 shares. The insider’s holdings dropped to 10,050 shares worth approximately $2.03 million following the completion of this transaction.

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Also, Kelly Liam sold 26,256 shares, netting a total of over 6,570,023 in proceeds. Following the sale of shares at $250.23 each, the insider now holds 18,470 shares.

Before that, POWELL THOMAS E had sold 13,952 shares from its account. In a trade valued at $3,109,671, the Executive Vice President & CFO traded Teleflex Incorporated shares for $222.88 each. Upon closing the transaction, the insider’s holdings decreased to 13,952 shares, worth approximately $2.91 million.

As published in a research note from Morgan Stanley on December 04, 2023, Teleflex Incorporated [TFX] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $261. Analysts at Needham downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late June. Earlier on May 30, 2023, CL King initiated its rating. Their recommendation was “a Buy” for TFX stock.

Analyzing TFX Stock Performance

During the last five days, there has been a drop of approximately -4.27%. Over the course of the year, Teleflex Incorporated shares have dropped approximately -18.95%. Shares of the company reached a 52-week high of $256.85 on 02/16/24 and a 52-week low of $197.99 on 05/08/24. A 50-day SMA is recorded $209.14, while a 200-day SMA reached $219.32. Nevertheless, trading volume fell to 0.66 million shares from 0.38 million shares the previous day.

Support And Resistance Levels for Teleflex Incorporated (TFX)

According to the 24-hour chart, there is a support level at 200.50, which, if violated, would cause prices to drop to 198.91. In the upper region, resistance lies at 203.54. The next price resistance is at 204.99. RSI (Relative Strength Index) is 39.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.37, which suggests the price will decrease in the coming days. Percent R is at 91.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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