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A company insider recently sold 109,022 shares of Sensata Technologies Holding Plc [ST]. Should You Sale?

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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. Sensata Technologies Holding Plc shares valued at $4,635,703 were sold by Sullivan Martha N. on May 08 ’24. At $42.52 per share, Sullivan Martha N. sold 109,022 shares. The insider’s holdings dropped to 458,660 shares worth approximately $17.39 million following the completion of this transaction.

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Also, Mirshekari Ali John purchased 195,173 shares, netting a total of over 7,771,242 in proceeds. Following the buying of shares at $39.82 each, the insider now holds 268,310 shares.

Before that, Mirshekari Ali John had added 73,137 shares to its account. In a trade valued at $2,865,025, the Director bought Sensata Technologies Holding Plc shares for $39.17 each. Upon closing the transaction, the insider’s holdings increased to 73,137 shares, worth approximately $2.77 million.

As published in a research note from Evercore ISI on May 06, 2024, Sensata Technologies Holding Plc [ST] has been rated up from an In-line to an Outperform and the price target has been revised to $60 from $44. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in early April. As of April 09, 2024, Goldman has decreased its “Buy” rating to a “Neutral” for ST. Earlier on February 07, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for ST stock which previously was a “a Buy”.

Analyzing ST Stock Performance

During the last five days, there has been a surge of approximately 2.32%. Over the course of the year, Sensata Technologies Holding Plc shares have jumped approximately 0.93%. Shares of the company reached a 52-week high of $43.14 on 05/15/24 and a 52-week low of $31.91 on 02/13/24. A 50-day SMA is recorded $39.59, while a 200-day SMA reached $36.13. Nevertheless, trading volume fell to 0.55 million shares from 1.72 million shares the previous day.

Support And Resistance Levels for Sensata Technologies Holding Plc (ST)

According to the 24-hour chart, there is a support level at 37.58, which, if violated, would cause prices to drop to 37.23. In the upper region, resistance lies at 38.13. The next price resistance is at 38.33. RSI (Relative Strength Index) is 42.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.29, which suggests the price will decrease in the coming days. Percent R is at 58.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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