TE Connectivity plc’s filing revealed that its Officer Kroeger Shadrak W acquired Company’s shares for reported $0.59 million on Jan 27 ’25. In the deal valued at $151.12 per share,3,889 shares were bought.
Then, Kroeger Shadrak W sold 3,889 shares, generating $587,706 in total proceeds. Upon selling the shares at $151.13, the Pres., Industrial Solutions now owns 25,976 shares.
Before that, MERKT STEVEN T bought 53,194 shares. TE Connectivity plc shares valued at $7,957,174 were divested by the Officer at a price of $149.59 per share.
HSBC Securities upgraded its TE Connectivity plc [TEL] rating to a Hold from a a Reduce in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in late October from “a Hold” to “a Reduce”. Wolfe Research also remained covering TEL and has increased its forecast on September 05, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. HSBC Securities revised its rating on July 24, 2024. It rated TEL as “a Hold” which previously was an “a Buy”.
Price Performance Review of TEL
On Monday, TE Connectivity plc [NYSE:TEL] saw its stock fall -1.97% to $145.06. Over the last five days, the stock has lost -3.45%. TE Connectivity plc shares have risen nearly 1.46% since the year began. Nevertheless, the stocks have risen 2.02% over the past one year. While a 52-week high of $159.98 was reached on 01/23/25, a 52-week low of $137.61 was recorded on 01/13/25. SMA at 50 days reached $147.85, while 200 days put it at $148.50.
Levels Of Support And Resistance For TEL Stock
The 24-hour chart illustrates a support level at 143.00, which if violated will result in even more drops to 140.95. On the upside, there is a resistance level at 146.71. A further resistance level may holdings at 148.37. The Relative Strength Index (RSI) on the 14-day chart is 44.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.04%. Stochastics %K at 47.54% indicates the stock is a holding.
How much short interest is there in TE Connectivity plc?
A steep rise in short interest was recorded in TE Connectivity plc stocks on 2024-12-31, growing by 0.84 million shares to a total of 3.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.0 million shares. There was a rise of 21.92%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 23, 2024 when Vertical Research began covering the stock and recommended ‘”a Hold”‘ rating along with a $155 price target.
