TE Connectivity plc’s recent filing unveils that its Pres., Industrial Solutions Kroeger Shadrak W unloaded Company’s shares for reported $1.32 million on Sep 03 ’24. In the deal valued at $151.41 per share,8,750 shares were sold. As a result of this transaction, Kroeger Shadrak W now holds 25,976 shares worth roughly $3.9 million.
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Then, SHADRAK KROEGER bought 8,750 shares, generating $1,324,799 in total proceeds.
Before that, Jenkins John S sold 6,149 shares. TE Connectivity plc shares valued at $895,048 were divested by the EVP & General Counsel at a price of $145.56 per share. As a result of the transaction, Jenkins John S now holds 21,623 shares, worth roughly $3.24 million.
HSBC Securities downgraded its TE Connectivity plc [TEL] rating to a Reduce from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early September from “a Peer perform” to “an Outperform”. HSBC Securities also remained covering TEL and has decreased its forecast on July 24, 2024 with a “Hold” recommendation from previously “Buy” rating. Vertical Research started covering the stock on July 23, 2024. It rated TEL as “a Hold”.
Price Performance Review of TEL
On Friday, TE Connectivity plc [NYSE:TEL] saw its stock jump 1.76% to $150.02. Over the last five days, the stock has gained 0.60%. TE Connectivity plc shares have risen nearly 6.78% since the year began. Nevertheless, the stocks have risen 22.11% over the past one year. While a 52-week high of $159.98 was reached on 07/24/24, a 52-week low of $119.10 was recorded on 01/17/24. SMA at 50 days reached $147.93, while 200 days put it at $146.57.
Levels Of Support And Resistance For TEL Stock
The 24-hour chart illustrates a support level at 147.59, which if violated will result in even more drops to 145.16. On the upside, there is a resistance level at 151.66. A further resistance level may holdings at 153.30. The Relative Strength Index (RSI) on the 14-day chart is 53.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.37%. Stochastics %K at 63.53% indicates the stock is a holding.
How much short interest is there in TE Connectivity plc?
A steep rise in short interest was recorded in TE Connectivity plc stocks on 2024-10-15, dropping by 70317.0 shares to a total of 3.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.1 million shares. There was a decline of -2.32%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 09, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $180 price target.
