Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Teradyne, Inc. shares valued at $104,779 were sold by Burns Richard John on Oct 01 ’24. At $132.80 per share, Burns Richard John sold 789 shares. The insider’s holdings dropped to 21,864 shares worth approximately $2.78 million following the completion of this transaction.
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Also, Burns Richard John sold 191 shares, netting a total of over 24,769 in proceeds. Following the sale of shares at $129.68 each, the insider now holds 21,315 shares.
Before that, Smith Gregory Stephen had sold 3,080 shares from its account. In a trade valued at $409,024, the President and CEO traded Teradyne, Inc. shares for $132.80 each. Upon closing the transaction, the insider’s holdings decreased to 3,080 shares, worth approximately $10.25 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 drop of approximately -2.66%. Over the course of the year, Teradyne, Inc. shares have jumped approximately 17.03%. 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 $129.62, while a 200-day SMA reached $122.71. Nevertheless, trading volume fell to 1.47 million shares from 2.84 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 125.55, which, if violated, would cause prices to drop to 124.11. In the upper region, resistance lies at 129.66. The next price resistance is at 132.33. RSI (Relative Strength Index) is 45.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.15, which suggests the price will decrease in the coming days. Percent R is at 96.46%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
