TPI Composites Inc’s filing revealed that its 10% Owner Dere Construction Taahhut A.S. acquired Company’s shares for reported $5.64 million on Dec 23 ’24. In the deal valued at $1.92 per share,2,935,217 shares were bought. As a result of this transaction, Dere Construction Taahhut A.S. now holds 7,151,987 shares worth roughly $ 9.44 million.
Then, Dere Construction Taahhut A.S. bought 856,117 shares, generating $1,680,852 in total proceeds. Upon buying the shares at $1.96, the 10% Owner now owns 7,592,209 shares.
Before that, Dere Construction Taahhut A.S. bought 470,786 shares. TPI Composites Inc shares valued at $898,283 were divested by the 10% Owner at a price of $1.91 per share. As a result of the transaction, Dere Construction Taahhut A.S. now holds 7,370,158 shares, worth roughly $9.73 million.
JP Morgan downgraded its TPI Composites Inc [TPIC] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid November from “an Equal-weight” to “an Underweight”. Jefferies began covering TPIC with “Hold” recommendation on October 17, 2024. Raymond James revised its rating on October 03, 2023. It rated TPIC as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of TPIC
On Friday, TPI Composites Inc [NASDAQ:TPIC] saw its stock unchanged to $1.32. Over the last five days, the stock has lost -4.35%. TPI Composites Inc shares have fallen nearly -30.16% since the year began. Nevertheless, the stocks have fallen -54.95% over the past one year. While a 52-week high of $5.75 was reached on 01/06/25, a 52-week low of $1.10 was recorded on 02/12/25. SMA at 50 days reached $1.5753, while 200 days put it at $3.3561.
Levels Of Support And Resistance For TPIC Stock
The 24-hour chart illustrates a support level at 1.2667, which if violated will result in even more drops to 1.2133. On the upside, there is a resistance level at 1.4067. A further resistance level may holdings at 1.4933. The Relative Strength Index (RSI) on the 14-day chart is 40.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1621, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.05%. Stochastics %K at 11.86% indicates the stock is a buying.
How much short interest is there in TPI Composites Inc?
A steep rise in short interest was recorded in TPI Composites Inc stocks on 2025-01-31, growing by 0.18 million shares to a total of 7.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 7.64 million shares. There was a rise of 2.36%, which implies that there is a positive sentiment for the stock.
