Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Teledyne Technologies Inc shares valued at $733,069 were sold by VanWees Jason on Nov 08 ’24. At $488.71 per share, VanWees Jason sold 1,500 shares. The insider’s holdings dropped to 2,900 shares worth approximately $1.34 million following the completion of this transaction.
Also, SMITH MICHAEL T sold 2,025 shares, netting a total of over 968,456 in proceeds. Following the sale of shares at $478.25 each, the insider now holds 54,935 shares.
Before that, CROCKER CHARLES had sold 1,174 shares from its account. In a trade valued at $553,886, the Director traded Teledyne Technologies Inc shares for $471.79 each. Upon closing the transaction, the insider’s holdings decreased to 1,174 shares, worth approximately $20.51 million.
Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of July 23, 2024, Vertical Research has initiated its “Buy” rating for TDY. Earlier on April 26, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for TDY stock which previously was a “a Buy”.
Analyzing TDY Stock Performance
During the last five days, there has been a drop of approximately -0.47%. Over the course of the year, Teledyne Technologies Inc shares have dropped approximately -0.47%. Shares of the company reached a 52-week high of $466.50 on 01/02/25 and a 52-week low of $454.11 on 01/06/25. A 50-day SMA is recorded $471.62, while a 200-day SMA reached $426.55. Nevertheless, trading volume fell to 0.17 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for Teledyne Technologies Inc (TDY)
According to the 24-hour chart, there is a support level at 457.69, which, if violated, would cause prices to drop to 453.41. In the upper region, resistance lies at 464.50. The next price resistance is at 467.03. RSI (Relative Strength Index) is 44.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.04, which suggests the price will decrease in the coming days. Percent R is at 67.09%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
