Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TE Connectivity plc shares valued at $7,957,174 were purchased by MERKT STEVEN T on Nov 21 ’24. At $149.59 per share, MERKT STEVEN T acquired 53,194 shares.
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Also, CURTIN TERRENCE R sold 115,000 shares, netting a total of over 17,789,725 in proceeds. Following the sale of shares at $154.69 each, the insider now holds 54,969 shares.
Before that, CURTIN TERRENCE R had added 115,000 shares to its account. In a trade valued at $17,250,000, the Officer bought TE Connectivity plc shares for $150.00 each.
As published in a research note from HSBC Securities on October 31, 2024, TE Connectivity plc [TEL] has been rated down from a Hold to a Reduce and the price target has been revised to $137. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early September. As of July 24, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for TEL. Earlier on July 23, 2024, Vertical Research initiated its rating. Their recommendation was “a Hold” for TEL stock.
Analyzing TEL Stock Performance
During the last five days, there has been a surge of approximately 0.85%. Over the course of the year, TE Connectivity plc shares have jumped approximately 8.49%. Shares of the company reached a 52-week high of $159.98 on 07/24/24 and a 52-week low of $128.52 on 01/17/24. A 50-day SMA is recorded $149.69, while a 200-day SMA reached $147.75. Nevertheless, trading volume fell to 0.96 million shares from 17519.0 shares the previous day.
Support And Resistance Levels for TE Connectivity plc (TEL)
According to the 24-hour chart, there is a support level at 151.62, which, if violated, would cause prices to drop to 150.82. In the upper region, resistance lies at 153.95. The next price resistance is at 155.48. RSI (Relative Strength Index) is 53.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.71, which suggests the price will increase in the coming days. Percent R is at 31.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
