Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Terex Corp shares valued at $119,864 were purchased by RUSH ANDRA on Aug 02 ’24. At $54.36 per share, RUSH ANDRA acquired 2,205 shares. The insider’s holdings grew to 21,983 shares worth approximately $1.14 million following the completion of this transaction.
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Also, POSNER SCOTT sold 12,500 shares, netting a total of over 756,000 in proceeds. Following the sale of shares at $60.48 each, the insider now holds 58,224 shares.
Before that, JOHNSTON STEPHEN had sold 3,239 shares from its account. In a trade valued at $200,818, the VP CAO and Controller traded Terex Corp shares for $62.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,239 shares, worth approximately $0.76 million.
As published in their initiating research note from Raymond James on June 28, 2024, Terex Corp [TEX] has been a Mkt perform. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of March 18, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for TEX. Earlier on March 14, 2024, Truist initiated its rating. Their recommendation was “a Buy” for TEX stock.
Analyzing TEX Stock Performance
During the last five days, there has been a drop of approximately -2.34%. Over the course of the year, Terex Corp shares have dropped approximately -10.01%. Shares of the company reached a 52-week high of $68.08 on 07/26/24 and a 52-week low of $48.11 on 09/11/24. A 50-day SMA is recorded $53.31, while a 200-day SMA reached $57.30. Nevertheless, trading volume fell to 0.91 million shares from 1.87 million shares the previous day.
Support And Resistance Levels for Terex Corp (TEX)
According to the 24-hour chart, there is a support level at 50.63, which, if violated, would cause prices to drop to 49.55. In the upper region, resistance lies at 52.47. The next price resistance is at 53.23. RSI (Relative Strength Index) is 42.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.79, which suggests the price will decrease in the coming days. Percent R is at 80.47%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
