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. Tetra Tech, Inc. shares valued at $431,378 were sold by BATRACK DAN L on Nov 18 ’31. At $28.76 per share, BATRACK DAN L sold 15,000 shares. The insider’s holdings dropped to 159,029 shares worth approximately $32.36 million following the completion of this transaction.
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Also, SHOEMAKER LESLIE L sold 11,161 shares, netting a total of over 2,364,257 in proceeds. Following the sale of shares at $211.83 each, the insider now holds 74,887 shares.
Before that, BURDICK STEVEN M had sold 7,515 shares from its account. In a trade valued at $1,320,160, the EVP, CFO traded Tetra Tech, Inc. shares for $175.67 each. Upon closing the transaction, the insider’s holdings decreased to 7,515 shares, worth approximately $6.08 million.
As published in a research note from Maxim Group on May 16, 2024, Tetra Tech, Inc. [TTEK] has been retained to a Buy and the price target has been revised to $268. Analysts at Northcoast upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of January 10, 2024, KeyBanc Capital Markets has initiated its “an Overweight” rating for TTEK. Earlier on September 13, 2023, William Blair initiated its rating. Their recommendation was “an Outperform” for TTEK stock.
Analyzing TTEK Stock Performance
During the last five days, there has been a drop of approximately -4.30%. Over the course of the year, Tetra Tech, Inc. shares have jumped approximately 21.91%. Shares of the company reached a 52-week high of $221.40 on 05/22/24 and a 52-week low of $158.04 on 01/31/24. A 50-day SMA is recorded $208.01, while a 200-day SMA reached $178.10. Nevertheless, trading volume fell to 0.16 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Tetra Tech, Inc. (TTEK)
According to the 24-hour chart, there is a support level at 199.91, which, if violated, would cause prices to drop to 196.18. In the upper region, resistance lies at 205.54. The next price resistance is at 207.44. RSI (Relative Strength Index) is 44.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.85, which suggests the price will decrease in the coming days. Percent R is at 68.49%, indicating low price movement. Stochastics%K at buying indicates that the stock is to be held.
