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Maxim Group analysts reiterates a Buy rating for Tetra Tech, Inc. (TTEK)

Tetra Tech, Inc.’s recently made public that its CHIEF EXECUTIVE OFFICER BATRACK DAN L unloaded Company’s shares for reported $0.43 million on Nov 18 ’31. In the deal valued at $28.76 per share,15,000 shares were sold. As a result of this transaction, BATRACK DAN L now holds 159,029 shares worth roughly $32.52 million.

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Then, SHOEMAKER LESLIE L sold 11,161 shares, generating $2,364,257 in total proceeds. Upon selling the shares at $211.83, the EVP, Chief Sustainability now owns 74,887 shares.

Before that, BURDICK STEVEN M sold 7,515 shares. Tetra Tech, Inc. shares valued at $1,320,160 were divested by the EVP, CFO at a price of $175.67 per share. As a result of the transaction, BURDICK STEVEN M now holds 29,890 shares, worth roughly $6.11 million.

Maxim Group reiterated its Tetra Tech, Inc. [TTEK] rating to a Buy in a research note published on May 16, 2024; the price target was $268. A number of analysts have revised their coverage, including Northcoast’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. KeyBanc Capital Markets began covering TTEK with “an Overweight” recommendation on January 10, 2024. William Blair started covering the stock on September 13, 2023. It rated TTEK as “an Outperform”.

Price Performance Review of TTEK

On Friday, Tetra Tech, Inc. [NASDAQ:TTEK] saw its stock fall -4.92% to $204.48. Over the last five days, the stock has lost -3.09%. Tetra Tech, Inc. shares have risen nearly 22.49% since the year began. Nevertheless, the stocks have risen 27.18% over the past one year. While a 52-week high of $221.40 was reached on 05/22/24, a 52-week low of $143.35 was recorded on 01/31/24. SMA at 50 days reached $207.09, while 200 days put it at $177.44. A total of 0.68 million shares were traded, compared to the trading of 0.35 million shares in the previous session.

Levels Of Support And Resistance For TTEK Stock

The 24-hour chart illustrates a support level at 199.89, which if violated will result in even more drops to 195.31. On the upside, there is a resistance level at 212.07. A further resistance level may holdings at 219.66. The Relative Strength Index (RSI) on the 14-day chart is 42.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.97%. Stochastics%K at 56.45% indicates the stock is a holding.

The most recent change occurred on August 28, 2023 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $181 price target.

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