Terex Corp’s filing revealed that its Director SACHS DAVID A acquired Company’s shares for reported $0.99 million on Dec 13 ’24. In the deal valued at $49.75 per share,20,000 shares were bought. As a result of this transaction, SACHS DAVID A now holds 137,500 shares worth roughly $6.21 million.
Then, MEESTER SIMON sold 9,877 shares, generating $505,110 in total proceeds. Upon selling the shares at $51.14, the President and CEO now owns 127,858 shares.
Before that, SACHS DAVID A bought 10,000 shares. Terex Corp shares valued at $513,000 were divested by the Director at a price of $51.30 per share. As a result of the transaction, SACHS DAVID A now holds 107,500 shares, worth roughly $4.86 million.
Raymond James initiated its Terex Corp [TEX] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. JP Morgan also remained covering TEX and has decreased its forecast on March 18, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Truist started covering the stock on March 14, 2024. It rated TEX as “a Buy”.
Price Performance Review of TEX
On Monday, Terex Corp [NYSE:TEX] saw its stock fall -1.25% to $45.18. Over the last five days, the stock has lost -0.11%. Terex Corp shares have fallen nearly -2.25% since the year began. Nevertheless, the stocks have fallen -20.82% over the past one year. While a 52-week high of $68.08 was reached on 01/06/25, a 52-week low of $44.04 was recorded on 01/02/25. SMA at 50 days reached $51.17, while 200 days put it at $55.61.
Levels Of Support And Resistance For TEX Stock
The 24-hour chart illustrates a support level at 44.58, which if violated will result in even more drops to 43.98. On the upside, there is a resistance level at 46.29. A further resistance level may holdings at 47.40. The Relative Strength Index (RSI) on the 14-day chart is 35.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.77%. Stochastics %K at 16.51% indicates the stock is a buying.
How much short interest is there in Terex Corp?
A steep rise in short interest was recorded in Terex Corp stocks on 2024-12-13, growing by 0.26 million shares to a total of 5.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.1 million shares. There was a rise of 4.87%, which implies that there is a positive sentiment for the stock.
