In a filing, Timken Co revealed its Director Kyle Richard G unloaded Company’s shares for reported $2.46 million on Nov 12 ’24. In the deal valued at $75.08 per share,32,764 shares were sold. As a result of this transaction, Kyle Richard G now holds 161,721 shares worth roughly $12.35 million.
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Then, Kyle Richard G sold 30,000 shares, generating $2,297,748 in total proceeds. Upon selling the shares at $76.59, the Director now owns 194,485 shares.
Before that, Kyle Richard G bought 62,764 shares. Timken Co shares valued at $4,895,600 were divested by the Director at a price of $78.00 per share.
Jefferies upgraded its Timken Co [TKR] rating to a Buy from a a Hold in a research note published on December 06, 2024; the price target was increased to $95 from $80. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in late November from “an Overweight” to “a Sector weight”. Evercore ISI also remained covering TKR and has increased its forecast on November 13, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. Citigroup started covering the stock on October 14, 2024. It rated TKR as “a Neutral”.
Price Performance Review of TKR
On Friday, Timken Co [NYSE:TKR] saw its stock jump 0.30% to $76.34. Over the last five days, the stock has lost -1.43%. Timken Co shares have fallen nearly -4.75% since the year began. Nevertheless, the stocks have risen 1.80% over the past one year. While a 52-week high of $94.71 was reached on 04/30/24, a 52-week low of $72.35 was recorded on 11/05/24. SMA at 50 days reached $80.44, while 200 days put it at $83.43.
Levels Of Support And Resistance For TKR Stock
The 24-hour chart illustrates a support level at 75.46, which if violated will result in even more drops to 74.58. On the upside, there is a resistance level at 77.39. A further resistance level may holdings at 78.44. The Relative Strength Index (RSI) on the 14-day chart is 44.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.79%. Stochastics %K at 62.47% indicates the stock is a holding.
How much short interest is there in Timken Co?
A steep rise in short interest was recorded in Timken Co stocks on 2024-11-15, dropping by -0.28 million shares to a total of 1.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.5 million shares. There was a decline of -22.38%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 28, 2024 when Raymond James began covering the stock and recommended ‘”a Mkt perform”‘ rating.
