Timken Co’s filing revealed that its EVP & CFO Fracassa Philip D. unloaded Company’s shares for reported $0.41 million on Feb 07 ’25. In the deal valued at $81.50 per share,5,000 shares were sold. As a result of this transaction, Fracassa Philip D. now holds 90,541 shares worth roughly $7.43 million.
Then, Fracassa Philip D. bought 5,000 shares, generating $407,509 in total proceeds.
Before that, Kyle Richard G sold 32,764 shares. Timken Co shares valued at $2,459,921 were divested by the Director at a price of $75.08 per share. As a result of the transaction, Kyle Richard G now holds 161,721 shares, worth roughly $13.28 million.
BofA Securities upgraded its Timken Co [TKR] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid December from “an Equal-weight” to “an Overweight”. Citigroup also remained covering TKR and has increased its forecast on December 09, 2024 with a “Buy” recommendation from previously “Neutral” rating. Jefferies revised its rating on December 06, 2024. It rated TKR as “a Buy” which previously was an “a Hold”.
Price Performance Review of TKR
On Tuesday, Timken Co [NYSE:TKR] saw its stock jump 0.71% to $82.11. Over the last five days, the stock has gained 4.06%. Timken Co shares have risen nearly 15.05% since the year began. Nevertheless, the stocks have risen 1.77% over the past one year. While a 52-week high of $94.71 was reached on 02/10/25, a 52-week low of $69.35 was recorded on 01/03/25. SMA at 50 days reached $75.94, while 200 days put it at $81.28.
Levels Of Support And Resistance For TKR Stock
The 24-hour chart illustrates a support level at 80.99, which if violated will result in even more drops to 79.86. On the upside, there is a resistance level at 82.96. A further resistance level may holdings at 83.80. The Relative Strength Index (RSI) on the 14-day chart is 65.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.80%. Stochastics %K at 86.38% indicates the stock is a selling.
How much short interest is there in Timken Co?
A steep rise in short interest was recorded in Timken Co stocks on 2025-01-15, growing by 0.45 million shares to a total of 2.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.64 million shares. There was a rise of 21.69%, which implies that there is a positive sentiment for the stock.
