Teledyne Technologies Inc’s recently made public that its Vice Chairman VanWees Jason unloaded Company’s shares for reported $0.73 million on Nov 08 ’24. In the deal valued at $488.71 per share,1,500 shares were sold. As a result of this transaction, VanWees Jason now holds 2,900 shares worth roughly $1.36 million.
Then, SMITH MICHAEL T sold 2,025 shares, generating $968,456 in total proceeds. Upon selling the shares at $478.25, the Director now owns 54,935 shares.
Before that, CROCKER CHARLES sold 1,174 shares. Teledyne Technologies Inc shares valued at $553,886 were divested by the Director at a price of $471.79 per share. As a result of the transaction, CROCKER CHARLES now holds 44,400 shares, worth roughly $20.75 million.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “a Buy”. Vertical Research began covering TDY with “Buy” recommendation on July 23, 2024. BofA Securities revised its rating on April 26, 2024. It rated TDY as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TDY
On Friday, Teledyne Technologies Inc [NYSE:TDY] saw its stock jump 0.49% to $467.25. Over the last five days, the stock has lost -1.64%. Teledyne Technologies Inc shares have risen nearly 4.70% since the year began. Nevertheless, the stocks have risen 10.73% over the past one year. While a 52-week high of $492.00 was reached on 11/08/24, a 52-week low of $355.41 was recorded on 04/24/24. SMA at 50 days reached $469.39, while 200 days put it at $424.14.
Levels Of Support And Resistance For TDY Stock
The 24-hour chart illustrates a support level at 461.58, which if violated will result in even more drops to 455.91. On the upside, there is a resistance level at 472.23. A further resistance level may holdings at 477.21. The Relative Strength Index (RSI) on the 14-day chart is 46.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.27%. Stochastics %K at 22.51% indicates the stock is a holding.
How much short interest is there in Teledyne Technologies Inc?
A steep rise in short interest was recorded in Teledyne Technologies Inc stocks on 2024-11-29, growing by 0.18 million shares to a total of 0.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.31 million shares. There was a rise of 36.34%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 22, 2023 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $522.
