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 $0.43 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 a research note from Morgan Stanley on November 15, 2024, TPI Composites Inc [TPIC] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $2 from $4. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in mid October. As of October 03, 2023, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for TPIC. Earlier on July 27, 2023, ROTH MKM downgraded its rating. Their new recommendation was “a Neutral” for TPIC stock which previously was a “a Buy”.
Analyzing TPIC Stock Performance
During the last five days, there has been a drop of approximately -18.07%. Over the course of the year, TPI Composites Inc shares have dropped approximately -52.90%. Shares of the company reached a 52-week high of $5.75 on 06/05/24 and a 52-week low of $1.92 on 11/21/24. A 50-day SMA is recorded $3.72, while a 200-day SMA reached $3.69. Nevertheless, trading volume fell to 0.61 million shares from 0.88 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 1.91, which, if violated, would cause prices to drop to 1.86. In the upper region, resistance lies at 2.01. The next price resistance is at 2.06. RSI (Relative Strength Index) is 25.64 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.54, which suggests the price will decrease in the coming days. Percent R is at 98.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
