Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Timken Co shares valued at $2,297,748 were sold by Kyle Richard G on Nov 08 ’24. At $76.59 per share, Kyle Richard G sold 30,000 shares. The insider’s holdings dropped to 194,485 shares worth approximately $14.49 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Kyle Richard G purchased 62,764 shares, netting a total of over 4,895,600 in proceeds.
Before that, Kyle Richard G had sold 20,000 shares from its account. In a trade valued at $1,668,000, the President and CEO traded Timken Co shares for $83.40 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $16.72 million.
As published in a research note from Evercore ISI on November 13, 2024, Timken Co [TKR] has been rated up from an In-line to an Outperform and the price target has been revised to $91 from $87. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid October. As of June 28, 2024, Raymond James has initiated its “Mkt perform” rating for TKR. Earlier on February 20, 2024, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for TKR stock which previously was a “an Outperform”.
Analyzing TKR Stock Performance
During the last five days, there has been a drop of approximately -5.95%. Over the course of the year, Timken Co shares have dropped approximately -7.05%. Shares of the company reached a 52-week high of $94.71 on 04/30/24 and a 52-week low of $72.35 on 11/05/24. A 50-day SMA is recorded $82.03, while a 200-day SMA reached $83.89. Nevertheless, trading volume fell to 0.67 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Timken Co (TKR)
According to the 24-hour chart, there is a support level at 73.92, which, if violated, would cause prices to drop to 73.34. In the upper region, resistance lies at 75.64. The next price resistance is at 76.78. RSI (Relative Strength Index) is 35.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.79, which suggests the price will decrease in the coming days. Percent R is at 84.78%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
