Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TPI Composites Inc shares valued at $21,900 were purchased by Siwek William E on Nov 13 ’24. At $2.19 per share, Siwek William E acquired 10,000 shares. The insider’s holdings grew to 218,347 shares worth approximately $0.52 million following the completion of this transaction.
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Also, Miller Ryan D. purchased 10,000 shares, netting a total of over 22,400 in proceeds. Following the buying of shares at $2.24 each, the insider now holds 32,239 shares.
As published in their initiating research note from Jefferies on October 17, 2024, TPI Composites Inc [TPIC] has been a Hold and the price target has been revised to $5. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early October. As of July 27, 2023, ROTH MKM has decreased its “Buy” rating to a “Neutral” for TPIC. Earlier on July 27, 2023, Johnson Rice downgraded its rating. Their new recommendation was “a Hold” for TPIC stock which previously was a “a Accumulate”.
Analyzing TPIC Stock Performance
During the last five days, there has been a drop of approximately -14.85%. Over the course of the year, TPI Composites Inc shares have dropped approximately -42.51%. Shares of the company reached a 52-week high of $5.75 on 06/05/24 and a 52-week low of $2.11 on 11/13/24. A 50-day SMA is recorded $3.88, while a 200-day SMA reached $3.70. Nevertheless, trading volume fell to 1.47 million shares from 2.14 million shares the previous day.
Support And Resistance Levels for TPI Composites Inc (TPIC)
According to the 24-hour chart, there is a support level at 2.19, which, if violated, would cause prices to drop to 2.00. In the upper region, resistance lies at 2.55. The next price resistance is at 2.72. RSI (Relative Strength Index) is 30.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.77, which suggests the price will decrease in the coming days. Percent R is at 83.64%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
