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. Teledyne Technologies Inc shares valued at $938,743 were sold by LORNE SIMON M on Mar 08 ’24. At $426.70 per share, LORNE SIMON M sold 2,200 shares. The insider’s holdings dropped to 67,288 shares worth approximately $28.91 million following the completion of this transaction.
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Also, CROCKER CHARLES sold 4,000 shares, netting a total of over 1,689,846 in proceeds. Following the sale of shares at $422.46 each, the insider now holds 45,932 shares.
Before that, DAHLBERG KENNETH C had sold 4,000 shares from its account. In a trade valued at $1,731,627, the Director traded Teledyne Technologies Inc shares for $432.91 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $8.05 million.
As published in their initiating research note from Vertical Research on July 23, 2024, Teledyne Technologies Inc [TDY] has been a Buy and the price target has been revised to $470. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late April. As of December 22, 2023, Needham has reiterated its “Buy” rating for TDY. Earlier on October 05, 2023, Exane BNP Paribas initiated its rating. Their recommendation was “an Outperform” for TDY stock.
Analyzing TDY Stock Performance
During the last five days, there has been a surge of approximately 0.96%. Over the course of the year, Teledyne Technologies Inc shares have dropped approximately -3.74%. Shares of the company reached a 52-week high of $447.88 on 01/24/24 and a 52-week low of $355.41 on 04/24/24. A 50-day SMA is recorded $406.57, while a 200-day SMA reached $411.55. Nevertheless, trading volume fell to 0.33 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for Teledyne Technologies Inc (TDY)
According to the 24-hour chart, there is a support level at 423.34, which, if violated, would cause prices to drop to 417.07. In the upper region, resistance lies at 433.23. The next price resistance is at 436.85. RSI (Relative Strength Index) is 61.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.61, which suggests the price will increase in the coming days. Percent R is at 16.96%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
