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. TTM Technologies Inc shares valued at $194,280 were sold by Soder Douglas L on Jul 03 ’24. At $20.00 per share, Soder Douglas L sold 9,714 shares. The insider’s holdings dropped to 204,493 shares worth approximately $3.96 million following the completion of this transaction.
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Also, Soder Douglas L sold 15,286 shares, netting a total of over 306,166 in proceeds. Following the sale of shares at $20.03 each, the insider now holds 214,207 shares.
Before that, Jankowsky Jeff had sold 10,000 shares from its account. In a trade valued at $200,415, the President, A&D C4Isr traded TTM Technologies Inc shares for $20.04 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $1.17 million.
As published in a research note from Stifel on May 02, 2024, TTM Technologies Inc [TTMI] has been rated up from a Hold to a Buy and the price target has been revised to $19 from $15. Analysts at Truist upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of January 26, 2023, Stifel has decreased its “Buy” rating to a “Hold” for TTMI. Earlier on February 10, 2022, Truist downgraded its rating. Their new recommendation was “a Hold” for TTMI stock which previously was a “a Buy”.
Analyzing TTMI Stock Performance
During the last five days, there has been a drop of approximately -10.28%. Over the course of the year, TTM Technologies Inc shares have jumped approximately 22.58%. Shares of the company reached a 52-week high of $22.70 on 07/16/24 and a 52-week low of $13.43 on 05/01/24. A 50-day SMA is recorded $19.67, while a 200-day SMA reached $16.00. Nevertheless, trading volume fell to 2.56 million shares from 1.48 million shares the previous day.
Support And Resistance Levels for TTM Technologies Inc (TTMI)
According to the 24-hour chart, there is a support level at 18.34, which, if violated, would cause prices to drop to 17.30. In the upper region, resistance lies at 21.35. The next price resistance is at 23.32. RSI (Relative Strength Index) is 40.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.75, which suggests the price will decrease in the coming days. Percent R is at 96.80%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
