Timken Co’s recently made public that its Director Kyle Richard G unloaded Company’s shares for reported $2.46 million on Nov 12 ’24. In the deal valued at $75.08 per share,32,764 shares were sold. As a result of this transaction, Kyle Richard G now holds 161,721 shares worth roughly $12.28 million.
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Then, Kyle Richard G sold 30,000 shares, generating $2,297,748 in total proceeds. Upon selling the shares at $76.59, the Director now owns 194,485 shares.
Before that, Kyle Richard G bought 62,764 shares. Timken Co shares valued at $4,895,600 were divested by the Director at a price of $78.00 per share.
KeyBanc Capital Markets downgraded its Timken Co [TKR] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in mid November from “an In-line” to “an Outperform”. Citigroup began covering TKR with “Neutral” recommendation on October 14, 2024. Raymond James started covering the stock on June 28, 2024. It rated TKR as “a Mkt perform”.
Price Performance Review of TKR
On Friday, Timken Co [NYSE:TKR] saw its stock jump 0.98% to $75.96. Over the last five days, the stock has gained 0.49%. Timken Co shares have fallen nearly -5.23% since the year began. Nevertheless, the stocks have risen 3.86% over the past one year. While a 52-week high of $94.71 was reached on 04/30/24, a 52-week low of $71.57 was recorded on 11/05/24. SMA at 50 days reached $81.45, while 200 days put it at $83.61.
Levels Of Support And Resistance For TKR Stock
The 24-hour chart illustrates a support level at 74.94, which if violated will result in even more drops to 73.91. On the upside, there is a resistance level at 76.52. A further resistance level may holdings at 77.07. The Relative Strength Index (RSI) on the 14-day chart is 42.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.81%. Stochastics %K at 26.48% indicates the stock is a holding.
How much short interest is there in Timken Co?
A steep rise in short interest was recorded in Timken Co stocks on 2024-10-31, dropping by -0.11 million shares to a total of 1.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.55 million shares. There was a decline of -7.54%, which implies that there is a negative sentiment for the stock.
