The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Tesla Inc shares valued at $2,481,039 were sold by Taneja Vaibhav on Dec 02 ’24. At $354.43 per share, Taneja Vaibhav sold 7,000 shares. The insider’s holdings dropped to 105,032 shares worth approximately $37.59 million following the completion of this transaction.
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Also, DENHOLM ROBYN M sold 112,390 shares, netting a total of over 39,793,301 in proceeds. Following the sale of shares at $354.06 each, the insider now holds 85,000 shares.
Before that, KATHLEEN WILSON-THOMPSON had added 100,000 shares to its account. In a trade valued at $35,142,000, the Director bought Tesla Inc shares for $351.42 each.
As published in a research note from ROTH MKM on December 02, 2024, Tesla Inc [TSLA] has been rated up from a Neutral to a Buy and the price target has been revised to $380 from $85. Analysts at Wells Fargo resumed the stock at ‘”an Underweight”‘ outlook in a report released in late October. As of October 24, 2024, Truist has reiterated its “Hold” rating for TSLA. Earlier on October 24, 2024, RBC Capital Mkts resumed its rating. Their recommendation was “an Outperform” for TSLA stock.
Analyzing TSLA Stock Performance
During the last five days, there has been a surge of approximately 5.82%. Over the course of the year, Tesla Inc shares have jumped approximately 44.05%. Shares of the company reached a 52-week high of $361.93 on 11/25/24 and a 52-week low of $138.80 on 04/22/24. A 50-day SMA is recorded $279.12, while a 200-day SMA reached $217.19. Nevertheless, trading volume fell to 49.11 million shares from 4.96 million shares the previous day.
Support And Resistance Levels for Tesla Inc (TSLA)
According to the 24-hour chart, there is a support level at 351.65, which, if violated, would cause prices to drop to 345.38. In the upper region, resistance lies at 361.15. The next price resistance is at 364.38. RSI (Relative Strength Index) is 66.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 14.61, which suggests the price will increase in the coming days. Percent R is at 7.59%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
