TE Connectivity plc’s recent filing unveils that its Chief Exec. Officer & Director CURTIN TERRENCE R unloaded Company’s shares for reported $17.79 million on Nov 11 ’24. In the deal valued at $154.69 per share,115,000 shares were sold. As a result of this transaction, CURTIN TERRENCE R now holds 54,969 shares worth roughly $8.15 million.
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Then, CURTIN TERRENCE R bought 115,000 shares, generating $17,250,000 in total proceeds.
Before that, Jenkins John S sold 40,800 shares. TE Connectivity plc shares valued at $6,343,959 were divested by the EVP & General Counsel at a price of $155.49 per share. As a result of the transaction, Jenkins John S now holds 21,623 shares, worth roughly $3.21 million.
HSBC Securities downgraded its TE Connectivity plc [TEL] rating to a Reduce from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early September from “a Peer perform” to “an Outperform”. HSBC Securities also remained covering TEL and has decreased its forecast on July 24, 2024 with a “Hold” recommendation from previously “Buy” rating. Vertical Research started covering the stock on July 23, 2024. It rated TEL as “a Hold”.
Price Performance Review of TEL
On Friday, TE Connectivity plc [NYSE:TEL] saw its stock fall -3.20% to $148.35. Over the last five days, the stock has lost -4.33%. TE Connectivity plc shares have risen nearly 5.59% since the year began. Nevertheless, the stocks have risen 12.58% over the past one year. While a 52-week high of $159.98 was reached on 07/24/24, a 52-week low of $128.52 was recorded on 01/17/24. SMA at 50 days reached $148.50, while 200 days put it at $147.18.
Levels Of Support And Resistance For TEL Stock
The 24-hour chart illustrates a support level at 146.92, which if violated will result in even more drops to 145.48. On the upside, there is a resistance level at 150.95. A further resistance level may holdings at 153.55. The Relative Strength Index (RSI) on the 14-day chart is 44.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.07%. Stochastics %K at 57.97% indicates the stock is a holding.
How much short interest is there in TE Connectivity plc?
A steep rise in short interest was recorded in TE Connectivity plc stocks on 2024-10-31, dropping by -2.41 million shares to a total of 2.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.11 million shares. There was a decline of -89.3%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 09, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $180 price target.
