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Terex Corp (TEX) may enjoy gains as insiders got busy in the recent days

Terex Corp’s filing revealed that its President, Materials Processin Hegarty Kieran unloaded Company’s shares for reported $1.05 million on Nov 06 ’24. In the deal valued at $58.43 per share,18,000 shares were sold. As a result of this transaction, Hegarty Kieran now holds 182,493 shares worth roughly $10.07 million.

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Then, SACHS DAVID A bought 10,000 shares, generating $569,800 in total proceeds. Upon buying the shares at $56.98, the Director now owns 97,500 shares.

Before that, Hegarty Kieran bought 18,000 shares. Terex Corp shares valued at $1,051,650 were divested by the Officer at a price of $58.42 per share.

Raymond James initiated its Terex Corp [TEX] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. JP Morgan also remained covering TEX and has decreased its forecast on March 18, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Truist started covering the stock on March 14, 2024. It rated TEX as “a Buy”.

Price Performance Review of TEX

On Tuesday, Terex Corp [NYSE:TEX] saw its stock fall -0.14% to $55.16. Over the last five days, the stock has lost -1.54%. Terex Corp shares have fallen nearly -4.00% since the year began. Nevertheless, the stocks have risen 7.07% over the past one year. While a 52-week high of $68.08 was reached on 07/26/24, a 52-week low of $48.11 was recorded on 09/11/24. SMA at 50 days reached $53.58, while 200 days put it at $56.61.

Levels Of Support And Resistance For TEX Stock

The 24-hour chart illustrates a support level at 54.54, which if violated will result in even more drops to 53.93. On the upside, there is a resistance level at 55.84. A further resistance level may holdings at 56.53. The Relative Strength Index (RSI) on the 14-day chart is 55.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.46%. Stochastics %K at 70.75% indicates the stock is a holding.

How much short interest is there in Terex Corp?

A steep rise in short interest was recorded in Terex Corp stocks on 2024-11-15, growing by 81386.0 shares to a total of 5.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.02 million shares. There was a rise of 1.59%, which implies that there is a positive sentiment for the stock.

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