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. Teleflex Incorporated shares valued at $638,899 were sold by RANDLE STUART A on Aug 16 ’24. At $238.93 per share, RANDLE STUART A sold 2,674 shares. The insider’s holdings dropped to 5,496 shares worth approximately $1.11 million following the completion of this transaction.
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Also, RANDLE STUART A purchased 2,674 shares, netting a total of over 638,899 in proceeds.
Before that, Hicks Cameron P had sold 7,401 shares from its account. In a trade valued at $1,665,225, the Corp. VP & Chief HR Officer traded Teleflex Incorporated shares for $225.00 each. Upon closing the transaction, the insider’s holdings decreased to 7,401 shares, worth approximately $2.02 million.
As published in a research note from Piper Sandler on July 01, 2024, Teleflex Incorporated [TFX] has been rated up from a Neutral to an Overweight and the price target has been revised to $245 from $205. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early December. As of June 21, 2023, Needham has decreased its “Buy” rating to a “Hold” for TFX.
Analyzing TFX Stock Performance
During the last five days, there has been a drop of approximately -14.67%. Over the course of the year, Teleflex Incorporated shares have dropped approximately -19.36%. Shares of the company reached a 52-week high of $256.85 on 02/16/24 and a 52-week low of $195.51 on 10/31/24. A 50-day SMA is recorded $240.05, while a 200-day SMA reached $226.69. Nevertheless, trading volume fell to 1.48 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Teleflex Incorporated (TFX)
According to the 24-hour chart, there is a support level at 192.67, which, if violated, would cause prices to drop to 184.28. In the upper region, resistance lies at 212.29. The next price resistance is at 223.52. RSI (Relative Strength Index) is 18.27 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.44, which suggests the price will decrease in the coming days. Percent R is at 87.91%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
