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TTEK (Tetra Tech, Inc) may reap gains as insiders became active recently

Tetra Tech, Inc’s recent filing unveils that its EVP, CFO BURDICK STEVEN M unloaded Company’s shares for reported $1.72 million on Sep 11 ’24. In the deal valued at $46.57 per share,36,830 shares were sold. As a result of this transaction, BURDICK STEVEN M now holds 112,620 shares worth roughly $4.65 million.

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Then, Ritrievi Kimberly E sold 6,500 shares, generating $302,120 in total proceeds. Upon selling the shares at $46.48, the Director now owns 143,200 shares.

Before that, SHOEMAKER LESLIE L sold 78,420 shares. Tetra Tech, Inc shares valued at $3,616,025 were divested by the EVP, Chief Sustainability at a price of $46.11 per share. As a result of the transaction, SHOEMAKER LESLIE L now holds 296,015 shares, worth roughly $12.22 million.

Maxim Group reiterated its Tetra Tech, Inc [TTEK] rating to a Buy in a research note published on May 16, 2024; the price target was $268. A number of analysts have revised their coverage, including Northcoast’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. KeyBanc Capital Markets began covering TTEK with “an Overweight” recommendation on January 10, 2024. William Blair started covering the stock on September 13, 2023. It rated TTEK as “an Outperform”.

Price Performance Review of TTEK

On Friday, Tetra Tech, Inc [NASDAQ:TTEK] saw its stock jump 0.76% to $41.27. Over the last five days, the stock has lost -11.84%. Tetra Tech, Inc shares have risen nearly 23.61% since the year began. Nevertheless, the stocks have risen 30.41% over the past one year. While a 52-week high of $51.20 was reached on 11/06/24, a 52-week low of $30.92 was recorded on 01/31/24. SMA at 50 days reached $47.60, while 200 days put it at $42.24.

Levels Of Support And Resistance For TTEK Stock

The 24-hour chart illustrates a support level at 40.34, which if violated will result in even more drops to 39.41. On the upside, there is a resistance level at 41.97. A further resistance level may holdings at 42.67. The Relative Strength Index (RSI) on the 14-day chart is 28.91, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.54%. Stochastics %K at 11.15% indicates the stock is a buying.

How much short interest is there in Tetra Tech, Inc?

A steep rise in short interest was recorded in Tetra Tech, Inc stocks on 2024-10-31, growing by 0.45 million shares to a total of 3.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.47 million shares. There was a rise of 11.58%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on August 28, 2023 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $181 price target.

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