TE Connectivity plc’s recent filing unveils that its Pres., Industrial Solutions Kroeger Shadrak W unloaded Company’s shares for reported $1.32 million on Sep 03 ’24. In the deal valued at $151.41 per share,8,750 shares were sold. As a result of this transaction, Kroeger Shadrak W now holds 25,976 shares worth roughly $3.78 million.
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Then, SHADRAK KROEGER bought 8,750 shares, generating $1,324,799 in total proceeds.
Before that, Jenkins John S sold 6,149 shares. TE Connectivity plc shares valued at $895,048 were divested by the EVP & General Counsel at a price of $145.56 per share. As a result of the transaction, Jenkins John S now holds 21,623 shares, worth roughly $3.15 million.
Wolfe Research upgraded its TE Connectivity plc [TEL] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Hold”. Vertical Research began covering TEL with “Hold” recommendation on July 23, 2024. Jefferies started covering the stock on April 09, 2024. It rated TEL as “a Buy”.
Price Performance Review of TEL
On Friday, TE Connectivity plc [NYSE:TEL] saw its stock jump 0.53% to $145.45. Over the last five days, the stock has lost -3.82%. TE Connectivity plc shares have risen nearly 3.52% since the year began. Nevertheless, the stocks have risen 17.86% over the past one year. While a 52-week high of $159.98 was reached on 07/24/24, a 52-week low of $115.00 was recorded on 01/17/24. SMA at 50 days reached $148.18, while 200 days put it at $145.39.
Levels Of Support And Resistance For TEL Stock
The 24-hour chart illustrates a support level at 143.90, which if violated will result in even more drops to 142.34. On the upside, there is a resistance level at 146.78. A further resistance level may holdings at 148.10. The Relative Strength Index (RSI) on the 14-day chart is 44.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.97%. Stochastics %K at 17.63% indicates the stock is a buying.
How much short interest is there in TE Connectivity plc?
A steep rise in short interest was recorded in TE Connectivity plc stocks on 2024-09-13, growing by 0.78 million shares to a total of 3.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.32 million shares. There was a rise of 25.13%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 05, 2024 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $146 price target.
