Teledyne Technologies Inc’s recently made public that its Director Michael T Smith acquired Company’s shares for reported $0.98 million on Nov 13 ’24. In the deal valued at $483.02 per share,2,025 shares were bought.
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Then, MEHRABIAN ROBERT sold 46,075 shares, generating $22,453,930 in total proceeds. Upon selling the shares at $487.33, the Executive Chairman now owns 171,802 shares.
Before that, MEHRABIAN ROBERT sold 3,925 shares. Teledyne Technologies Inc shares valued at $1,925,215 were divested by the Executive Chairman at a price of $490.50 per share. As a result of the transaction, MEHRABIAN ROBERT now holds 171,802 shares, worth roughly $82.05 million.
BofA Securities upgraded its Teledyne Technologies Inc [TDY] rating to a Buy from a a Neutral in a research note published on November 08, 2024; the price target was increased to $550 from $450. A number of analysts have revised their coverage, including Vertical Research’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. BofA Securities also remained covering TDY and has decreased its forecast on April 26, 2024 with a “Neutral” recommendation from previously “Buy” rating. Needham maintained its rating on December 22, 2023. It rated TDY as “a Buy”.
Price Performance Review of TDY
On Monday, Teledyne Technologies Inc [NYSE:TDY] saw its stock fall -1.26% to $477.61. Over the last five days, the stock has gained 2.52%. Teledyne Technologies Inc shares have risen nearly 7.02% since the year began. Nevertheless, the stocks have risen 19.53% over the past one year. While a 52-week high of $492.00 was reached on 11/08/24, a 52-week low of $355.41 was recorded on 04/24/24. SMA at 50 days reached $455.85, while 200 days put it at $419.88.
Levels Of Support And Resistance For TDY Stock
The 24-hour chart illustrates a support level at 473.65, which if violated will result in even more drops to 469.68. On the upside, there is a resistance level at 483.63. A further resistance level may holdings at 489.64. The Relative Strength Index (RSI) on the 14-day chart is 56.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.99, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.46%. Stochastics %K at 66.83% indicates the stock is a holding.
How much short interest is there in Teledyne Technologies Inc?
A steep rise in short interest was recorded in Teledyne Technologies Inc stocks on 2024-10-31, dropping by -0.15 million shares to a total of 0.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.46 million shares. There was a decline of -48.25%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 05, 2023 when Exane BNP Paribas began covering the stock and recommended ‘”an Outperform”‘ rating along with a $530 price target.
