In a filing, TPI Composites Inc revealed its President and CEO Siwek William E acquired Company’s shares for reported $21900.0 on Nov 13 ’24. In the deal valued at $2.19 per share,10,000 shares were bought. As a result of this transaction, Siwek William E now holds 218,347 shares worth roughly $0.41 million.
Then, Miller Ryan D. bought 10,000 shares, generating $22,400 in total proceeds. Upon buying the shares at $2.24, the Chief Financial Officer now owns 32,239 shares.
JP Morgan downgraded its TPI Composites Inc [TPIC] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid November from “an Equal-weight” to “an Underweight”. Jefferies began covering TPIC with “Hold” recommendation on October 17, 2024. Raymond James revised its rating on October 03, 2023. It rated TPIC as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of TPIC
On Monday, TPI Composites Inc [NASDAQ:TPIC] saw its stock fall -2.60% to $1.87. Over the last five days, the stock has lost -4.10%. TPI Composites Inc shares have fallen nearly -1.06% since the year began. Nevertheless, the stocks have fallen -47.62% over the past one year. While a 52-week high of $5.75 was reached on 01/06/25, a 52-week low of $1.10 was recorded on 01/02/25. SMA at 50 days reached $2.1935, while 200 days put it at $3.5196.
Levels Of Support And Resistance For TPIC Stock
The 24-hour chart illustrates a support level at 1.7785, which if violated will result in even more drops to 1.6870. On the upside, there is a resistance level at 2.0230. A further resistance level may holdings at 2.1760. The Relative Strength Index (RSI) on the 14-day chart is 49.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1311, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.67%. Stochastics %K at 49.67% indicates the stock is a holding.
How much short interest is there in TPI Composites Inc?
A steep rise in short interest was recorded in TPI Composites Inc stocks on 2024-12-13, growing by 0.2 million shares to a total of 7.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.91 million shares. There was a rise of 2.88%, which implies that there is a positive sentiment for the stock.
