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. TE Connectivity plc shares valued at $587,706 were purchased by Kroeger Shadrak W on Jan 27 ’25. At $151.12 per share, Kroeger Shadrak W acquired 3,889 shares.
Also, Kroeger Shadrak W sold 3,889 shares, netting a total of over 587,706 in proceeds. Following the sale of shares at $151.13 each, the insider now holds 25,976 shares.
Before that, MERKT STEVEN T had added 53,194 shares to its account. In a trade valued at $7,957,174, the Officer bought TE Connectivity plc shares for $149.59 each.
As published in a research note from HSBC Securities on January 23, 2025, TE Connectivity plc [TEL] has been rated up from a Reduce to a Hold and the price target has been revised to $166. Analysts at HSBC Securities downgraded the stock from ‘”a Hold”‘ to ‘”a Reduce”‘ outlook in a report released in late October. As of September 05, 2024, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for TEL. Earlier on July 24, 2024, HSBC Securities downgraded its rating. Their new recommendation was “a Hold” for TEL stock which previously was a “a Buy”.
Analyzing TEL Stock Performance
During the last five days, there has been a drop of approximately -4.76%. Over the course of the year, TE Connectivity plc shares have jumped approximately 3.32%. Shares of the company reached a 52-week high of $156.98 on 01/23/25 and a 52-week low of $138.24 on 01/13/25. A 50-day SMA is recorded $148.00, while a 200-day SMA reached $148.42. Nevertheless, trading volume fell to 2.01 million shares from 1.18 million shares the previous day.
Support And Resistance Levels for TE Connectivity plc (TEL)
According to the 24-hour chart, there is a support level at 146.86, which, if violated, would cause prices to drop to 146.01. In the upper region, resistance lies at 149.05. The next price resistance is at 150.39. RSI (Relative Strength Index) is 50.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.44, which suggests the price will increase in the coming days. Percent R is at 49.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
