Teleflex Incorporated’s recently made public that its Director RANDLE STUART A unloaded Company’s shares for reported $0.64 million on Aug 16 ’24. In the deal valued at $238.93 per share,2,674 shares were sold. As a result of this transaction, RANDLE STUART A now holds 5,496 shares worth roughly $1.06 million.
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Then, RANDLE STUART A bought 2,674 shares, generating $638,899 in total proceeds.
Before that, Hicks Cameron P sold 7,401 shares. Teleflex Incorporated shares valued at $1,665,225 were divested by the Corp. VP & Chief HR Officer at a price of $225.00 per share. As a result of the transaction, Hicks Cameron P now holds 10,050 shares, worth roughly $1.94 million.
Piper Sandler upgraded its Teleflex Incorporated [TFX] rating to an Overweight from a a Neutral in a research note published on July 01, 2024; the price target was increased to $245 from $205. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early December from “an Equal-weight” to “an Overweight”. Needham also remained covering TFX and has decreased its forecast on June 21, 2023 with a “Hold” recommendation from previously “Buy” rating.
Price Performance Review of TFX
On Tuesday, Teleflex Incorporated [NYSE:TFX] saw its stock fall -0.70% to $193.07. Over the last five days, the stock has lost -1.28%. Teleflex Incorporated shares have fallen nearly -22.57% since the year began. Nevertheless, the stocks have fallen -9.27% over the past one year. While a 52-week high of $257.85 was reached on 02/16/24, a 52-week low of $189.95 was recorded on 11/19/24. SMA at 50 days reached $228.26, while 200 days put it at $223.58.
Levels Of Support And Resistance For TFX Stock
The 24-hour chart illustrates a support level at 190.53, which if violated will result in even more drops to 187.99. On the upside, there is a resistance level at 195.01. A further resistance level may holdings at 196.95. The Relative Strength Index (RSI) on the 14-day chart is 28.53, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.54%. Stochastics %K at 8.73% indicates the stock is a buying.
How much short interest is there in Teleflex Incorporated?
A steep rise in short interest was recorded in Teleflex Incorporated stocks on 2024-10-31, dropping by 96608.0 shares to a total of 0.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.75 million shares. There was a decline of -14.68%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 30, 2023 when CL King began covering the stock and recommended ‘”a Buy”‘ rating along with a $293 price target.
