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TTM Technologies Inc (TTMI) gets rating Upgrade from Stifel

TTM Technologies Inc’s filing revealed that its Officer Powers Shawn A. acquired Company’s shares for reported $0.14 million on Aug 23 ’24. In the deal valued at $20.50 per share,7,000 shares were bought.

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Then, Powers Shawn A. sold 7,000 shares, generating $143,500 in total proceeds. Upon selling the shares at $20.50, the EVP, Human Resources now owns 101,741 shares.

Before that, BOEHLE DANIEL L. bought 5,796 shares. TTM Technologies Inc shares valued at $114,313 were divested by the Officer at a price of $19.72 per share.

Stifel upgraded its TTM Technologies Inc [TTMI] rating to a Buy from a a Hold in a research note published on May 02, 2024; the price target was increased to $19 from $15. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in early November from “a Hold” to “a Buy”. Stifel also remained covering TTMI and has decreased its forecast on January 26, 2023 with a “Hold” recommendation from previously “Buy” rating. Truist revised its rating on February 10, 2022. It rated TTMI as “a Hold” which previously was an “a Buy”.

Price Performance Review of TTMI

On Monday, TTM Technologies Inc [NASDAQ:TTMI] saw its stock fall -0.93% to $17.00. Over the last five days, the stock has lost -12.60%. TTM Technologies Inc shares have risen nearly 7.53% since the year began. Nevertheless, the stocks have risen 25.46% over the past one year. While a 52-week high of $22.70 was reached on 07/16/24, a 52-week low of $11.14 was recorded on 05/01/24. SMA at 50 days reached $19.63, while 200 days put it at $16.76.

Levels Of Support And Resistance For TTMI Stock

The 24-hour chart illustrates a support level at 16.86, which if violated will result in even more drops to 16.72. On the upside, there is a resistance level at 17.22. A further resistance level may holdings at 17.43. The Relative Strength Index (RSI) on the 14-day chart is 31.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.28%. Stochastics %K at 1.11% indicates the stock is a buying.

How much short interest is there in TTM Technologies Inc?

A steep rise in short interest was recorded in TTM Technologies Inc stocks on 2024-08-15, dropping by -1.14 million shares to a total of 1.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.68 million shares. There was a decline of -74.18%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on September 29, 2020 when Craig Hallum began covering the stock and recommended ‘”a Buy”‘ rating along with a $15 price target.

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