Terex Corp’s recent filing unveils that its President and CEO MEESTER SIMON unloaded Company’s shares for reported $0.51 million on Dec 11 ’24. In the deal valued at $51.14 per share,9,877 shares were sold. As a result of this transaction, MEESTER SIMON now holds 127,858 shares worth roughly $6.34 million.
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Then, SACHS DAVID A bought 10,000 shares, generating $513,000 in total proceeds. Upon buying the shares at $51.30, the Director now owns 107,500 shares.
Before that, SACHS DAVID A bought 10,000 shares. Terex Corp shares valued at $501,600 were divested by the Director at a price of $50.16 per share. As a result of the transaction, SACHS DAVID A now holds 117,500 shares, worth roughly $5.82 million.
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 Friday, Terex Corp [NYSE:TEX] saw its stock fall -2.15% to $49.55. Over the last five days, the stock has lost -6.40%. Terex Corp shares have fallen nearly -13.77% since the year began. Nevertheless, the stocks have fallen -6.03% 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 $53.55, while 200 days put it at $56.49.
Levels Of Support And Resistance For TEX Stock
The 24-hour chart illustrates a support level at 48.99, which if violated will result in even more drops to 48.42. On the upside, there is a resistance level at 50.55. A further resistance level may holdings at 51.54. The Relative Strength Index (RSI) on the 14-day chart is 35.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.20%. Stochastics %K at 4.62% indicates the stock is a buying.
How much short interest is there in Terex Corp?
A steep rise in short interest was recorded in Terex Corp stocks on 2024-11-29, dropping by 43366.0 shares to a total of 4.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.98 million shares. There was a decline of -0.88%, which implies that there is a negative sentiment for the stock.
