Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. TTM Technologies Inc shares valued at $143,500 were purchased by Powers Shawn A. on Aug 23 ’24. At $20.50 per share, Powers Shawn A. acquired 7,000 shares.
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Also, Powers Shawn A. sold 7,000 shares, netting a total of over 143,500 in proceeds. Following the sale of shares at $20.50 each, the insider now holds 101,741 shares.
Before that, BOEHLE DANIEL L. had added 5,796 shares to its account. In a trade valued at $114,313, the Officer bought TTM Technologies Inc shares for $19.72 each.
As published in a research note from Stifel on May 02, 2024, TTM Technologies Inc [TTMI] has been rated up from a Hold to a Buy and the price target has been revised to $19 from $15. Analysts at Truist upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of January 26, 2023, Stifel has decreased its “Buy” rating to a “Hold” for TTMI. Earlier on February 10, 2022, Truist downgraded its rating. Their new recommendation was “a Hold” for TTMI stock which previously was a “a Buy”.
Analyzing TTMI Stock Performance
During the last five days, there has been a surge of approximately 16.51%. Over the course of the year, TTM Technologies Inc shares have jumped approximately 41.94%. Shares of the company reached a 52-week high of $23.61 on 10/31/24 and a 52-week low of $13.43 on 05/01/24. A 50-day SMA is recorded $18.87, while a 200-day SMA reached $17.48. Nevertheless, trading volume fell to 1.64 million shares from 0.7 million shares the previous day.
Support And Resistance Levels for TTM Technologies Inc (TTMI)
According to the 24-hour chart, there is a support level at 21.09, which, if violated, would cause prices to drop to 19.74. In the upper region, resistance lies at 23.70. The next price resistance is at 24.96. RSI (Relative Strength Index) is 74.40 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.84, which suggests the price will decrease in the coming days. Percent R is at 22.46%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
