The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. TE Connectivity plc shares valued at $1,324,799 were sold by Kroeger Shadrak W on Sep 03 ’24. At $151.41 per share, Kroeger Shadrak W sold 8,750 shares. The insider’s holdings dropped to 25,976 shares worth approximately $3.78 million following the completion of this transaction.
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Also, SHADRAK KROEGER purchased 8,750 shares, netting a total of over 1,324,799 in proceeds.
Before that, Jenkins John S had sold 6,149 shares from its account. In a trade valued at $895,048, the EVP & General Counsel traded TE Connectivity plc shares for $145.56 each. Upon closing the transaction, the insider’s holdings decreased to 6,149 shares, worth approximately $3.15 million.
As published in a research note from Wolfe Research on September 05, 2024, TE Connectivity plc [TEL] has been rated up from a Peer perform to an Outperform. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late July. As of July 23, 2024, Vertical Research has initiated its “Hold” rating for TEL. Earlier on April 09, 2024, Jefferies initiated its rating. Their recommendation was “a Buy” for TEL stock.
Analyzing TEL Stock Performance
During the last five days, there has been a surge of approximately 0.44%. Over the course of the year, TE Connectivity plc shares have jumped approximately 3.54%. Shares of the company reached a 52-week high of $159.98 on 07/24/24 and a 52-week low of $128.52 on 01/17/24. A 50-day SMA is recorded $147.90, while a 200-day SMA reached $145.93. Nevertheless, trading volume fell to 2.28 million shares from 1.5 million shares the previous day.
Support And Resistance Levels for TE Connectivity plc (TEL)
According to the 24-hour chart, there is a support level at 143.96, which, if violated, would cause prices to drop to 142.46. In the upper region, resistance lies at 147.98. The next price resistance is at 150.50. RSI (Relative Strength Index) is 45.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 70.30%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
