TPI Composites Inc’s recent filing unveils that its President and CEO Siwek William E acquired Company’s shares for reported $21900.0 on Nov 13 ’24. In the deal valued at $2.19 per share,10,000 shares were bought. As a result of this transaction, Siwek William E now holds 218,347 shares worth roughly $0.47 million.
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Then, Miller Ryan D. bought 10,000 shares, generating $22,400 in total proceeds. Upon buying the shares at $2.24, the Chief Financial Officer now owns 32,239 shares.
Morgan Stanley downgraded its TPI Composites Inc [TPIC] rating to an Underweight from a an Equal-weight in a research note published on November 15, 2024; the price target was decreased to $2 from $4. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid October with a ‘”a Hold”‘ rating. Raymond James also remained covering TPIC and has decreased its forecast on October 03, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. ROTH MKM revised its rating on July 27, 2023. It rated TPIC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TPIC
On Monday, TPI Composites Inc [NASDAQ:TPIC] saw its stock jump 5.94% to $2.14. Over the last five days, the stock has gained 3.88%. TPI Composites Inc shares have fallen nearly -48.31% since the year began. Nevertheless, the stocks have fallen -8.94% over the past one year. While a 52-week high of $5.75 was reached on 06/05/24, a 52-week low of $1.90 was recorded on 11/21/24. SMA at 50 days reached $3.64, while 200 days put it at $3.68.
Levels Of Support And Resistance For TPIC Stock
The 24-hour chart illustrates a support level at 2.07, which if violated will result in even more drops to 2.00. On the upside, there is a resistance level at 2.22. A further resistance level may holdings at 2.30. The Relative Strength Index (RSI) on the 14-day chart is 32.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.23%. Stochastics %K at 7.28% indicates the stock is a buying.
How much short interest is there in TPI Composites Inc?
A steep rise in short interest was recorded in TPI Composites Inc stocks on 2024-10-31, growing by 0.91 million shares to a total of 6.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.78 million shares. There was a rise of 13.56%, which implies that there is a positive sentiment for the stock.
