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Investing in Terex Corp. (TEX): What You Must Know

Terex Corp.’s recently made public that its Director RUSH ANDRA acquired Company’s shares for reported $0.12 million on Aug 02 ’24. In the deal valued at $54.36 per share,2,205 shares were bought. As a result of this transaction, RUSH ANDRA now holds 21,983 shares worth roughly $1.15 million.

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Then, POSNER SCOTT sold 12,500 shares, generating $756,000 in total proceeds. Upon selling the shares at $60.48, the Senior V.P., Gen Counsel Sec. now owns 58,224 shares.

Before that, JOHNSTON STEPHEN sold 3,239 shares. Terex Corp. shares valued at $200,818 were divested by the VP CAO and Controller at a price of $62.00 per share. As a result of the transaction, JOHNSTON STEPHEN now holds 14,606 shares, worth roughly $0.76 million.

Raymond James initiated its Terex Corp. [TEX] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. JP Morgan also remained covering TEX and has decreased its forecast on March 18, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Truist started covering the stock on March 14, 2024. It rated TEX as “a Buy”.

Price Performance Review of TEX

On Monday, Terex Corp. [NYSE:TEX] saw its stock jump 1.24% to $52.15. Over the last five days, the stock has lost -1.44%. Terex Corp. shares have fallen nearly -9.24% since the year began. Nevertheless, the stocks have fallen -0.36% over the past one year. While a 52-week high of $68.08 was reached on 07/26/24, a 52-week low of $43.70 was recorded on 09/11/24. SMA at 50 days reached $54.02, while 200 days put it at $57.58.

Levels Of Support And Resistance For TEX Stock

The 24-hour chart illustrates a support level at 51.22, which if violated will result in even more drops to 50.29. On the upside, there is a resistance level at 52.62. A further resistance level may holdings at 53.09. The Relative Strength Index (RSI) on the 14-day chart is 47.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.32%. Stochastics %K at 14.61% indicates the stock is a buying.

How much short interest is there in Terex Corp.?

A steep rise in short interest was recorded in Terex Corp. stocks on 2024-09-13, growing by 0.19 million shares to a total of 5.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.04 million shares. There was a rise of 3.65%, which implies that there is a positive sentiment for the stock.

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