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A company insider recently sold 625 shares of Teradyne, Inc [TER]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Teradyne, Inc shares valued at $69,638 were sold by JOHNSON MERCEDES on Nov 07 ’24. At $111.42 per share, JOHNSON MERCEDES sold 625 shares. The insider’s holdings dropped to 15,268 shares worth approximately $1.63 million following the completion of this transaction.

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Also, JOHNSON MERCEDES purchased 625 shares, netting a total of over 69,638 in proceeds.

Before that, Burns Richard John had sold 789 shares from its account. In a trade valued at $104,779, the President, Semiconductor Test traded Teradyne, Inc shares for $132.80 each. Upon closing the transaction, the insider’s holdings decreased to 789 shares, worth approximately $2.33 million.

As published in a research note from Cantor Fitzgerald on August 16, 2024, Teradyne, Inc [TER] has been rated up from a Neutral to an Overweight and the price target has been revised to $16. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late July. As of July 18, 2024, Northland Capital has decreased its “an Outperform” rating to a “Market perform” for TER. Earlier on May 20, 2024, Goldman upgraded its rating. Their new recommendation was “a Buy” for TER stock which previously was a “a Neutral”.

Analyzing TER Stock Performance

During the last five days, there has been a drop of approximately -4.59%. Over the course of the year, Teradyne, Inc shares have dropped approximately -1.84%. Shares of the company reached a 52-week high of $163.21 on 07/16/24 and a 52-week low of $92.29 on 01/31/24. A 50-day SMA is recorded $122.70, while a 200-day SMA reached $123.49. Nevertheless, trading volume fell to 1.5 million shares from 1.78 million shares the previous day.

Support And Resistance Levels for Teradyne, Inc (TER)

According to the 24-hour chart, there is a support level at 105.75, which, if violated, would cause prices to drop to 104.98. In the upper region, resistance lies at 107.72. The next price resistance is at 108.92. RSI (Relative Strength Index) is 34.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.35, which suggests the price will decrease in the coming days. Percent R is at 72.22%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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