Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Tecnoglass Inc shares valued at $104,573,402 were purchased by ENERGY HOLDING CORP on Nov 12 ’24. At $73.02 per share, ENERGY HOLDING CORP acquired 1,432,120 shares.
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Also, Julio Torres purchased 30,520 shares, netting a total of over 2,422,372 in proceeds.
Before that, WEIL A LORNE had sold 88,173 shares from its account. In a trade valued at $6,411,059, the Director traded Tecnoglass Inc shares for $72.71 each. Upon closing the transaction, the insider’s holdings decreased to 88,173 shares, worth approximately $0.0.
As published in a research note from Sidoti on October 22, 2024, Tecnoglass Inc [TGLS] has been rated down from a Buy to a Neutral and the price target has been revised to $78. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”a Mkt perform”‘ outlook in a report released in late October. As of September 23, 2024, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for TGLS. Earlier on June 26, 2024, Sidoti upgraded its rating. Their new recommendation was “a Buy” for TGLS stock which previously was a “a Neutral”.
Analyzing TGLS Stock Performance
During the last five days, there has been a surge of approximately 5.72%. Over the course of the year, Tecnoglass Inc shares have jumped approximately 74.27%. Shares of the company reached a 52-week high of $82.68 on 11/25/24 and a 52-week low of $40.94 on 06/25/24. A 50-day SMA is recorded $72.32, while a 200-day SMA reached $57.58. Nevertheless, trading volume fell to 0.21 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for Tecnoglass Inc (TGLS)
According to the 24-hour chart, there is a support level at 78.82, which, if violated, would cause prices to drop to 77.99. In the upper region, resistance lies at 80.20. The next price resistance is at 80.75. RSI (Relative Strength Index) is 63.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.43, which suggests the price will increase in the coming days. Percent R is at 24.26%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
