Timken Co.’s filing revealed 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 $19.08 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 $8.55 million.
Citigroup initiated its Timken Co. [TKR] rating to a Neutral in a research note published on October 14, 2024; the price target was $90. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late June with a ‘”a Mkt perform”‘ rating. Evercore ISI also remained covering TKR and has decreased its forecast on February 20, 2024 with a “an In-line” recommendation from previously “an Outperform” rating. DA Davidson started covering the stock on January 23, 2024. It rated TKR as “a Buy”.
Price Performance Review of TKR
On Tuesday, Timken Co. [NYSE:TKR] saw its stock jump 0.41% to $85.00. Over the last five days, the stock has gained 4.51%. Timken Co. shares have risen nearly 6.05% since the year began. Nevertheless, the stocks have risen 20.28% 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 $82.19, while 200 days put it at $83.62.
Levels Of Support And Resistance For TKR Stock
The 24-hour chart illustrates a support level at 84.22, which if violated will result in even more drops to 83.45. On the upside, there is a resistance level at 85.98. A further resistance level may holdings at 86.96. The Relative Strength Index (RSI) on the 14-day chart is 57.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.07%. Stochastics %K at 61.87% indicates the stock is a holding.
How much short interest is there in Timken Co.?
A steep rise in short interest was recorded in Timken Co. stocks on 2024-09-30, growing by 24006.0 shares to a total of 1.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.53 million shares. There was a rise of 1.55%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 08, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $74 price target.
