Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TE Connectivity plc shares valued at $2,502,100 were purchased by Ott Robert J on Nov 06 ’24. At $155.41 per share, Ott Robert J acquired 16,100 shares.
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Also, Kroeger Shadrak W sold 8,750 shares, netting a total of over 1,324,799 in proceeds. Following the sale of shares at $151.41 each, the insider now holds 25,976 shares.
Before that, SHADRAK KROEGER had added 8,750 shares to its account. In a trade valued at $1,324,799, the Officer bought TE Connectivity plc shares for $151.41 each.
As published in a research note from HSBC Securities on October 31, 2024, TE Connectivity plc [TEL] has been rated down from a Hold to a Reduce and the price target has been revised to $137. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early September. As of July 24, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for TEL. Earlier on July 23, 2024, Vertical Research initiated its rating. Their recommendation was “a Hold” for TEL stock.
Analyzing TEL Stock Performance
During the last five days, there has been a surge of approximately 1.94%. Over the course of the year, TE Connectivity plc shares have jumped approximately 10.14%. 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 $147.86, while a 200-day SMA reached $146.84. Nevertheless, trading volume fell to 2.13 million shares from 1.46 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 153.02, which, if violated, would cause prices to drop to 151.31. In the upper region, resistance lies at 156.62. The next price resistance is at 158.51. RSI (Relative Strength Index) is 61.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.92, which suggests the price will increase in the coming days. Percent R is at 16.12%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
