In a filing, Timken Co revealed its Director Kyle Richard G acquired Company’s shares for reported $4.9 million on Nov 08 ’24. In the deal valued at $78.00 per share,62,764 shares were bought.
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Then, Kyle Richard G sold 20,000 shares, generating $1,668,000 in total proceeds. Upon selling the shares at $83.40, the President and CEO now owns 224,485 shares.
Before that, Fracassa Philip D. sold 5,000 shares. Timken Co shares valued at $415,950 were divested by the EVP & CFO at a price of $83.19 per share. As a result of the transaction, Fracassa Philip D. now holds 95,541 shares, worth roughly $7.34 million.
Citigroup initiated its Timken Co [TKR] rating to a Neutral in a research note published on October 14, 2024; the price target was $90. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late June with a ‘”a Mkt perform”‘ rating. Evercore ISI also remained covering TKR and has decreased its forecast on February 20, 2024 with a “an In-line” recommendation from previously “an Outperform” rating. DA Davidson started covering the stock on January 23, 2024. It rated TKR as “a Buy”.
Price Performance Review of TKR
On Friday, Timken Co [NYSE:TKR] saw its stock fall -0.19% to $76.85. Over the last five days, the stock has lost -7.58%. Timken Co shares have fallen nearly -4.12% since the year began. Nevertheless, the stocks have risen 8.44% over the past one year. While a 52-week high of $94.71 was reached on 04/30/24, a 52-week low of $70.15 was recorded on 11/05/24. SMA at 50 days reached $82.41, while 200 days put it at $83.99.
Levels Of Support And Resistance For TKR Stock
The 24-hour chart illustrates a support level at 76.13, which if violated will result in even more drops to 75.42. On the upside, there is a resistance level at 77.43. A further resistance level may holdings at 78.02. The Relative Strength Index (RSI) on the 14-day chart is 38.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.19%. Stochastics %K at 36.36% indicates the stock is a holding.
How much short interest is there in Timken Co?
A steep rise in short interest was recorded in Timken Co stocks on 2024-10-15, dropping by -0.28 million shares to a total of 1.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.79 million shares. There was a decline of -18.88%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 08, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $74 price target.
