Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Tetra Tech, Inc shares valued at $1,715,173 were sold by BURDICK STEVEN M on Sep 11 ’24. At $46.57 per share, BURDICK STEVEN M sold 36,830 shares. The insider’s holdings dropped to 112,620 shares worth approximately $4.54 million following the completion of this transaction.
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Also, Ritrievi Kimberly E sold 6,500 shares, netting a total of over 302,120 in proceeds. Following the sale of shares at $46.48 each, the insider now holds 143,200 shares.
Before that, SHOEMAKER LESLIE L had sold 78,420 shares from its account. In a trade valued at $3,616,025, the EVP, Chief Sustainability traded Tetra Tech, Inc shares for $46.11 each. Upon closing the transaction, the insider’s holdings decreased to 78,420 shares, worth approximately $11.93 million.
As published in a research note from Maxim Group on May 16, 2024, Tetra Tech, Inc [TTEK] has been retained to a Buy and the price target has been revised to $268. Analysts at Northcoast upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of January 10, 2024, KeyBanc Capital Markets has initiated its “an Overweight” rating for TTEK. Earlier on September 13, 2023, William Blair initiated its rating. Their recommendation was “an Outperform” for TTEK stock.
Analyzing TTEK Stock Performance
During the last five days, there has been a drop of approximately -3.47%. Over the course of the year, Tetra Tech, Inc shares have jumped approximately 20.71%. Shares of the company reached a 52-week high of $51.20 on 11/06/24 and a 52-week low of $31.61 on 01/31/24. A 50-day SMA is recorded $45.11, while a 200-day SMA reached $42.97. Nevertheless, trading volume fell to 2.17 million shares from 1.74 million shares the previous day.
Support And Resistance Levels for Tetra Tech, Inc (TTEK)
According to the 24-hour chart, there is a support level at 39.71, which, if violated, would cause prices to drop to 39.13. In the upper region, resistance lies at 41.20. The next price resistance is at 42.11. RSI (Relative Strength Index) is 31.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.10, which suggests the price will decrease in the coming days. Percent R is at 92.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
