Terex Corp’s recently made public 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 $6.49 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 $5.08 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 Friday, Terex Corp [NYSE:TEX] saw its stock fall -0.51% to $47.21. Over the last five days, the stock has gained 7.32%. Terex Corp shares have risen nearly 2.14% since the year began. Nevertheless, the stocks have fallen -15.06% over the past one year. While a 52-week high of $68.08 was reached on 01/17/25, a 52-week low of $43.50 was recorded on 01/13/25. SMA at 50 days reached $50.06, while 200 days put it at $54.93.
Levels Of Support And Resistance For TEX Stock
The 24-hour chart illustrates a support level at 46.63, which if violated will result in even more drops to 46.05. On the upside, there is a resistance level at 48.01. A further resistance level may holdings at 48.81. The Relative Strength Index (RSI) on the 14-day chart is 49.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.56%. Stochastics %K at 86.56% indicates the stock is a selling.
How much short interest is there in Terex Corp?
A steep rise in short interest was recorded in Terex Corp stocks on 2024-12-31, growing by 0.13 million shares to a total of 5.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.94 million shares. There was a rise of 2.62%, which implies that there is a positive sentiment for the stock.
