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. Teradyne, Inc shares valued at $400,400 were sold by Smith Gregory Stephen on Dec 16 ’24. At $130.00 per share, Smith Gregory Stephen sold 3,080 shares. The insider’s holdings dropped to 77,656 shares worth approximately $10.16 million following the completion of this transaction.
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Also, Smith Gregory Stephen purchased 3,080 shares, netting a total of over 400,400 in proceeds.
Before that, JOHNSON MERCEDES had sold 625 shares from its account. In a trade valued at $68,775, the Director traded Teradyne, Inc shares for $110.04 each. Upon closing the transaction, the insider’s holdings decreased to 625 shares, worth approximately $1.92 million.
As published in a research note from JP Morgan on December 16, 2024, Teradyne, Inc [TER] has been rated up from a Neutral to an Overweight and the price target has been revised to $158 from $145. Analysts at Cantor Fitzgerald upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid August. As of July 26, 2024, Craig Hallum has decreased its “Buy” rating to a “Hold” for TER. Earlier on July 18, 2024, Northland Capital downgraded its rating. Their new recommendation was “a Market perform” for TER stock which previously was a “an Outperform”.
Analyzing TER Stock Performance
During the last five days, there has been a surge of approximately 5.71%. Over the course of the year, Teradyne, Inc shares have jumped approximately 20.57%. Shares of the company reached a 52-week high of $163.21 on 07/16/24 and a 52-week low of $92.29 on 01/31/24. A 50-day SMA is recorded $115.23, while a 200-day SMA reached $125.55. Nevertheless, trading volume fell to 1.4 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for Teradyne, Inc (TER)
According to the 24-hour chart, there is a support level at 129.19, which, if violated, would cause prices to drop to 127.55. In the upper region, resistance lies at 132.18. The next price resistance is at 133.53. RSI (Relative Strength Index) is 68.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.39, which suggests the price will increase in the coming days. Percent R is at 13.27%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
