Timken Co.’s recently made public that its President and CEO Kyle Richard G unloaded Company’s shares for reported $1.67 million on Aug 15 ’24. In the deal valued at $83.40 per share,20,000 shares were sold. As a result of this transaction, Kyle Richard G now holds 224,485 shares worth roughly $ 17.69 million.
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Then, Fracassa Philip D. sold 5,000 shares, generating $415,950 in total proceeds. Upon selling the shares at $83.19, the EVP & CFO now owns 95,541 shares.
Before that, Fracassa Philip D. sold 5,000 shares. Timken Co. shares valued at $403,850 were divested by the EVP & CFO at a price of $80.77 per share. As a result of the transaction, Fracassa Philip D. now holds 100,541 shares, worth roughly $7.92 million.
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 Monday, Timken Co. [NYSE:TKR] saw its stock jump 0.59% to $78.82. Over the last five days, the stock has lost -6.75%. Timken Co. shares have fallen nearly -1.66% since the year began. Nevertheless, the stocks have risen 7.40% 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 $82.27, while 200 days put it at $82.80.
Levels Of Support And Resistance For TKR Stock
The 24-hour chart illustrates a support level at 77.67, which if violated will result in even more drops to 76.52. On the upside, there is a resistance level at 80.07. A further resistance level may holdings at 81.32. The Relative Strength Index (RSI) on the 14-day chart is 39.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.59%. Stochastics %K at 10.96% indicates the stock is a buying.
How much short interest is there in Timken Co.?
A steep rise in short interest was recorded in Timken Co. stocks on 2024-08-15, growing by 16234.0 shares to a total of 1.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.53 million shares. There was a rise of 1.05%, which implies that there is a positive sentiment for the stock.
