In a filing, Teledyne Technologies Inc revealed its Director LORNE SIMON M unloaded Company’s shares for reported $0.94 million on Mar 08 ’24. In the deal valued at $426.70 per share,2,200 shares were sold. As a result of this transaction, LORNE SIMON M now holds 67,288 shares worth roughly $28.53 million.
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Then, CROCKER CHARLES sold 4,000 shares, generating $1,689,846 in total proceeds. Upon selling the shares at $422.46, the Director now owns 45,932 shares.
Before that, SMITH MICHAEL T sold 4,665 shares. Teledyne Technologies Inc shares valued at $2,010,654 were divested by the Director at a price of $431.01 per share. As a result of the transaction, SMITH MICHAEL T now holds 56,492 shares, worth roughly $23.95 million.
Vertical Research initiated its Teledyne Technologies Inc [TDY] rating to a Buy in a research note published on July 23, 2024; the price target was $470. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late April from “a Buy” to “a Neutral”. Needham also remained covering TDY and reiterated its “Buy” recommendation on December 22, 2023. Exane BNP Paribas started covering the stock on October 05, 2023. It rated TDY as “an Outperform”.
Price Performance Review of TDY
On Tuesday, Teledyne Technologies Inc [NYSE:TDY] saw its stock jump 0.22% to $423.98. Over the last five days, the stock has gained 5.42%. Teledyne Technologies Inc shares have fallen nearly -5.00% since the year began. Nevertheless, the stocks have risen 10.98% over the past one year. While a 52-week high of $448.19 was reached on 01/24/24, a 52-week low of $355.41 was recorded on 04/24/24. SMA at 50 days reached $395.71, while 200 days put it at $407.64. A total of 0.21 million shares were traded, compared to the trading of 0.31 million shares in the previous session.
Levels Of Support And Resistance For TDY Stock
The 24-hour chart illustrates a support level at 421.59, which if violated will result in even more drops to 419.19. On the upside, there is a resistance level at 426.30. A further resistance level may holdings at 428.62. The Relative Strength Index (RSI) on the 14-day chart is 72.31, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 17.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.37%. Stochastics%K at 92.41% indicates the stock is a selling.
The most recent change occurred on September 27, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $495 price target.
