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. Terex Corp shares valued at $995,000 were purchased by SACHS DAVID A on Dec 13 ’24. At $49.75 per share, SACHS DAVID A acquired 20,000 shares. The insider’s holdings grew to 137,500 shares worth approximately $6.29 million following the completion of this transaction.
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Also, MEESTER SIMON sold 9,877 shares, netting a total of over 505,110 in proceeds. Following the sale of shares at $51.14 each, the insider now holds 127,858 shares.
Before that, SACHS DAVID A had added 10,000 shares to its account. In a trade valued at $513,000, the Director bought Terex Corp shares for $51.30 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $4.92 million.
As published in their initiating research note from Raymond James on June 28, 2024, Terex Corp [TEX] has been a Mkt perform. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of March 18, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for TEX. Earlier on March 14, 2024, Truist initiated its rating. Their recommendation was “a Buy” for TEX stock.
Analyzing TEX Stock Performance
During the last five days, there has been a drop of approximately -9.67%. Over the course of the year, Terex Corp shares have dropped approximately -20.33%. Shares of the company reached a 52-week high of $68.08 on 07/26/24 and a 52-week low of $45.22 on 12/18/24. A 50-day SMA is recorded $53.24, while a 200-day SMA reached $56.34. Nevertheless, trading volume fell to 1.3 million shares from 1.14 million shares the previous day.
Support And Resistance Levels for Terex Corp (TEX)
According to the 24-hour chart, there is a support level at 44.57, which, if violated, would cause prices to drop to 43.35. In the upper region, resistance lies at 47.65. The next price resistance is at 49.51. RSI (Relative Strength Index) is 26.23 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.51, which suggests the price will decrease in the coming days. Percent R is at 94.76%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
