Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Timken Co shares valued at $2,459,921 were sold by Kyle Richard G on Nov 12 ’24. At $75.08 per share, Kyle Richard G sold 32,764 shares. The insider’s holdings dropped to 161,721 shares worth approximately $12.96 million following the completion of this transaction.
Also, Kyle Richard G sold 30,000 shares, netting a total of over 2,297,748 in proceeds. Following the sale of shares at $76.59 each, the insider now holds 194,485 shares.
Before that, Kyle Richard G had added 62,764 shares to its account. In a trade valued at $4,895,600, the Director bought Timken Co shares for $78.00 each.
As published in a research note from Morgan Stanley on December 17, 2024, Timken Co [TKR] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $93 from $82. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early December. As of December 06, 2024, Jefferies has increased its “Hold” rating to a “Buy” for TKR. Earlier on November 22, 2024, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for TKR stock which previously was a “an Overweight”.
Analyzing TKR Stock Performance
During the last five days, there has been a surge of approximately 4.46%. Over the course of the year, Timken Co shares have jumped approximately 12.32%. Shares of the company reached a 52-week high of $80.26 on 01/30/25 and a 52-week low of $69.35 on 01/03/25. A 50-day SMA is recorded $75.11, while a 200-day SMA reached $81.46. Nevertheless, trading volume fell to 0.8 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for Timken Co (TKR)
According to the 24-hour chart, there is a support level at 78.39, which, if violated, would cause prices to drop to 76.63. In the upper region, resistance lies at 81.09. The next price resistance is at 82.03. RSI (Relative Strength Index) is 67.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.47, which suggests the price will increase in the coming days. Percent R is at 1.16%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
