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Potential Price Increase for Teradyne, Inc. (TER) After Recent Insider Activity

Teradyne, Inc.’s recently made public that its Director JOHNSON MERCEDES unloaded Company’s shares for reported $92500.0 on Jul 01 ’24. In the deal valued at $148.00 per share,625 shares were sold. As a result of this transaction, JOHNSON MERCEDES now holds 17,768 shares worth roughly $2.69 million.

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Then, JOHNSON MERCEDES sold 625 shares, generating $89,900 in total proceeds. Upon selling the shares at $143.84, the Director now owns 18,393 shares.

Before that, Burns Richard John sold 5,005 shares. Teradyne, Inc. shares valued at $688,880 were divested by the President, Semiconductor Test at a price of $137.64 per share. As a result of the transaction, Burns Richard John now holds 21,780 shares, worth roughly $3.29 million.

Goldman upgraded its Teradyne, Inc. [TER] rating to a Buy from a a Neutral in a research note published on May 20, 2024; the price target was increased to $161 from $118. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. JP Morgan also remained covering TER and has increased its forecast on February 15, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. Cantor Fitzgerald started covering the stock on January 23, 2024. It rated TER as “a Neutral”.

Price Performance Review of TER

On Friday, Teradyne, Inc. [NASDAQ:TER] saw its stock fall -0.33% to $151.20. Over the last five days, the stock has gained 2.46%. Teradyne, Inc. shares have risen nearly 39.33% since the year began. Nevertheless, the stocks have risen 39.88% over the past one year. While a 52-week high of $152.67 was reached on 07/05/24, a 52-week low of $81.07 was recorded on 01/31/24. SMA at 50 days reached $136.21, while 200 days put it at $109.04. A total of 0.93 million shares were traded, compared to the trading of 0.99 million shares in the previous session.

Levels Of Support And Resistance For TER Stock

The 24-hour chart illustrates a support level at 149.84, which if violated will result in even more drops to 148.49. On the upside, there is a resistance level at 152.61. A further resistance level may holdings at 154.03. The Relative Strength Index (RSI) on the 14-day chart is 63.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.16%. Stochastics%K at 89.82% indicates the stock is a selling.

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