Timken Co.’s recently made public that its Officer Fracassa Philip D. acquired Company’s shares for reported $0.4 million on Aug 13 ’24. In the deal valued at $80.89 per share,5,000 shares were bought.
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Then, Kyle Richard G sold 30,000 shares, generating $2,413,800 in total proceeds. Upon selling the shares at $80.46, the President and CEO now owns 244,485 shares.
Before that, Kyle Richard G bought 80,000 shares. Timken Co. shares valued at $6,439,200 were divested by the Officer at a price of $80.49 per share.
Raymond James initiated its Timken Co. [TKR] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid February from “an Outperform” to “an In-line”. DA Davidson began covering TKR with “Buy” recommendation on January 23, 2024. Morgan Stanley started covering the stock on January 08, 2024. It rated TKR as “an Equal-weight”.
Price Performance Review of TKR
On Tuesday, Timken Co. [NYSE:TKR] saw its stock jump 1.54% to $81.54. Over the last five days, the stock has gained 0.64%. Timken Co. shares have risen nearly 1.73% since the year began. Nevertheless, the stocks have risen 5.39% over the past one year. While a 52-week high of $94.71 was reached on 04/30/24, a 52-week low of $65.71 was recorded on 01/17/24. SMA at 50 days reached $82.43, while 200 days put it at $81.83.
Levels Of Support And Resistance For TKR Stock
The 24-hour chart illustrates a support level at 80.54, which if violated will result in even more drops to 79.55. On the upside, there is a resistance level at 82.08. A further resistance level may holdings at 82.63. The Relative Strength Index (RSI) on the 14-day chart is 46.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.02%. Stochastics%K at 25.05% indicates the stock is a holding.
How much short interest is there in Timken Co.?
A steep rise in short interest was recorded in Timken Co. stocks on
