TE Connectivity plc’s filing revealed that its Officer MERKT STEVEN T acquired Company’s shares for reported $7.96 million on Nov 21 ’24. In the deal valued at $149.59 per share,53,194 shares were bought.
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Then, CURTIN TERRENCE R sold 115,000 shares, generating $17,789,725 in total proceeds. Upon selling the shares at $154.69, the Chief Exec. Officer & Director now owns 54,969 shares.
Before that, CURTIN TERRENCE R bought 115,000 shares. TE Connectivity plc shares valued at $17,250,000 were divested by the Officer at a price of $150.00 per share.
HSBC Securities downgraded its TE Connectivity plc [TEL] rating to a Reduce from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early September from “a Peer perform” to “an Outperform”. HSBC Securities also remained covering TEL and has decreased its forecast on July 24, 2024 with a “Hold” recommendation from previously “Buy” rating. Vertical Research started covering the stock on July 23, 2024. It rated TEL as “a Hold”.
Price Performance Review of TEL
On Friday, TE Connectivity plc [NYSE:TEL] saw its stock jump 1.16% to $152.26. Over the last five days, the stock has gained 2.64%. TE Connectivity plc shares have risen nearly 8.37% since the year began. Nevertheless, the stocks have risen 15.94% over the past one year. While a 52-week high of $159.98 was reached on 07/24/24, a 52-week low of $128.52 was recorded on 01/17/24. SMA at 50 days reached $148.96, while 200 days put it at $147.36.
Levels Of Support And Resistance For TEL Stock
The 24-hour chart illustrates a support level at 149.48, which if violated will result in even more drops to 146.70. On the upside, there is a resistance level at 154.48. A further resistance level may holdings at 156.70. The Relative Strength Index (RSI) on the 14-day chart is 54.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.31%. Stochastics %K at 41.79% indicates the stock is a holding.
How much short interest is there in TE Connectivity plc?
A steep rise in short interest was recorded in TE Connectivity plc stocks on 2024-10-31, dropping by -2.41 million shares to a total of 2.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.11 million shares. There was a decline of -89.3%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 09, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $180 price target.
