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BofA Securities analysts downgrades an Underperform rating for Teradata Corp (TDC)

Teradata Corp’s recent filing unveils that its President and CEO MCMILLAN STEPHEN unloaded Company’s shares for reported $0.32 million on May 24 ’24. In the deal valued at $31.95 per share,10,000 shares were sold. As a result of this transaction, MCMILLAN STEPHEN now holds 393,579 shares worth roughly $13.56 million.

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Then, CHOU TIMOTHY C K sold 6,356 shares, generating $212,462 in total proceeds. Upon selling the shares at $33.43, the Director now owns 30,804 shares.

Before that, Hutchinson Michael D sold 18,500 shares. Teradata Corp shares valued at $609,797 were divested by the Chief Customer Officer at a price of $32.96 per share. As a result of the transaction, Hutchinson Michael D now holds 55,190 shares, worth roughly $1.9 million.

BofA Securities downgraded its Teradata Corp [TDC] rating to an Underperform from a a Neutral in a research note published on May 07, 2024; the price target was decreased to $39 from $48. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid February from “an Overweight” to “an Equal-weight”. BofA Securities also remained covering TDC and has decreased its forecast on February 13, 2024 with a “Neutral” recommendation from previously “Buy” rating. Evercore ISI started covering the stock on September 28, 2023. It rated TDC as “an Outperform”.

Price Performance Review of TDC

On Tuesday, Teradata Corp [NYSE:TDC] saw its stock fall -0.72% to $34.45. Over the last five days, the stock has gained 1.06%. Teradata Corp shares have fallen nearly -20.82% since the year began. Nevertheless, the stocks have fallen -35.50% over the past one year. While a 52-week high of $57.73 was reached on 02/12/24, a 52-week low of $31.48 was recorded on 05/31/24. SMA at 50 days reached $34.12, while 200 days put it at $40.82. A total of 0.61 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For TDC Stock

The 24-hour chart illustrates a support level at 34.12, which if violated will result in even more drops to 33.79. On the upside, there is a resistance level at 34.85. A further resistance level may holdings at 35.25. The Relative Strength Index (RSI) on the 14-day chart is 56.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.95%. Stochastics%K at 82.17% indicates the stock is a selling.

The most recent change occurred on May 02, 2023 when Northland Capital began covering the stock and recommended ‘”an Outperform”‘ rating along with a $63 price target.

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