Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TE Connectivity plc shares valued at $17,789,725 were sold by CURTIN TERRENCE R on Nov 11 ’24. At $154.69 per share, CURTIN TERRENCE R sold 115,000 shares. The insider’s holdings dropped to 54,969 shares worth approximately $8.13 million following the completion of this transaction.
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Also, CURTIN TERRENCE R purchased 115,000 shares, netting a total of over 17,250,000 in proceeds.
Before that, Jenkins John S had sold 40,800 shares from its account. In a trade valued at $6,343,959, the EVP & General Counsel traded TE Connectivity plc shares for $155.49 each. Upon closing the transaction, the insider’s holdings decreased to 40,800 shares, worth approximately $3.2 million.
As published in a research note from HSBC Securities on October 31, 2024, TE Connectivity plc [TEL] has been rated down from a Hold to a Reduce and the price target has been revised to $137. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early September. As of July 24, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for TEL. Earlier on July 23, 2024, Vertical Research initiated its rating. Their recommendation was “a Hold” for TEL stock.
Analyzing TEL Stock Performance
During the last five days, there has been a drop of approximately -4.47%. Over the course of the year, TE Connectivity plc shares have jumped approximately 5.21%. Shares of the company reached a 52-week high of $159.98 on 07/24/24 and a 52-week low of $128.52 on 01/17/24. A 50-day SMA is recorded $148.70, while a 200-day SMA reached $147.27. Nevertheless, trading volume fell to 1.01 million shares from 1.81 million shares the previous day.
Support And Resistance Levels for TE Connectivity plc (TEL)
According to the 24-hour chart, there is a support level at 146.14, which, if violated, would cause prices to drop to 144.46. In the upper region, resistance lies at 148.75. The next price resistance is at 149.68. RSI (Relative Strength Index) is 44.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.87, which suggests the price will decrease in the coming days. Percent R is at 78.89%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
