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A company insider recently sold 3,080 shares of Teradyne, Inc. [TER]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Teradyne, Inc. shares valued at $400,400 were sold by Smith Gregory Stephen on Sep 11 ’24. At $130.00 per share, Smith Gregory Stephen sold 3,080 shares. The insider’s holdings dropped to 83,816 shares worth approximately $11.22 million following the completion of this transaction.

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Also, Smith Gregory Stephen purchased 3,080 shares, netting a total of over 400,400 in proceeds.

Before that, JOHNSON MERCEDES had sold 625 shares from its account. In a trade valued at $83,431, the Director traded Teradyne, Inc. shares for $133.49 each. Upon closing the transaction, the insider’s holdings decreased to 625 shares, worth approximately $2.21 million.

As published in a research note from Cantor Fitzgerald on August 16, 2024, Teradyne, Inc. [TER] has been rated up from a Neutral to an Overweight and the price target has been revised to $16. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late July. As of July 18, 2024, Northland Capital has decreased its “an Outperform” rating to a “Market perform” for TER. Earlier on May 20, 2024, Goldman upgraded its rating. Their new recommendation was “a Buy” for TER stock which previously was a “a Neutral”.

Analyzing TER Stock Performance

During the last five days, there has been a surge of approximately 4.39%. Over the course of the year, Teradyne, Inc. shares have jumped approximately 23.31%. Shares of the company reached a 52-week high of $163.21 on 07/16/24 and a 52-week low of $92.29 on 01/31/24. A 50-day SMA is recorded $132.67, while a 200-day SMA reached $119.95. Nevertheless, trading volume fell to 2.52 million shares from 1.36 million shares the previous day.

Support And Resistance Levels for Teradyne, Inc. (TER)

According to the 24-hour chart, there is a support level at 131.48, which, if violated, would cause prices to drop to 129.15. In the upper region, resistance lies at 136.06. The next price resistance is at 138.31. RSI (Relative Strength Index) is 54.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.22, which suggests the price will increase in the coming days. Percent R is at 22.17%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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