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. TPI Composites Inc shares valued at $5,637,511 were purchased by Dere Construction Taahhut A.S. on Dec 23 ’24. At $1.92 per share, Dere Construction Taahhut A.S. acquired 2,935,217 shares. The insider’s holdings grew to 7,151,987 shares worth approximately $10.16 million following the completion of this transaction.
Also, Dere Construction Taahhut A.S. purchased 856,117 shares, netting a total of over 1,680,852 in proceeds. Following the buying of shares at $1.96 each, the insider now holds 7,592,209 shares.
Before that, Dere Construction Taahhut A.S. had added 470,786 shares to its account. In a trade valued at $898,283, the 10% Owner bought TPI Composites Inc shares for $1.91 each. Upon closing the transaction, the insider’s holdings increased to 470,786 shares, worth approximately $10.47 million.
As published in a research note from JP Morgan on December 12, 2024, TPI Composites Inc [TPIC] has been rated down from an Overweight to a Neutral. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid November. As of October 17, 2024, Jefferies has initiated its “Hold” rating for TPIC. Earlier on October 03, 2023, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for TPIC stock which previously was a “an Outperform”.
Analyzing TPIC Stock Performance
During the last five days, there has been a surge of approximately 7.58%. Over the course of the year, TPI Composites Inc shares have dropped approximately -24.87%. Shares of the company reached a 52-week high of $2.0845 on 01/06/25 and a 52-week low of $1.2200 on 02/12/25. A 50-day SMA is recorded $1.5557, while a 200-day SMA reached $3.3374. Nevertheless, trading volume fell to 1.0 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for TPI Composites Inc (TPIC)
According to the 24-hour chart, there is a support level at 1.3317, which, if violated, would cause prices to drop to 1.2433. In the upper region, resistance lies at 1.5067. The next price resistance is at 1.5933. RSI (Relative Strength Index) is 46.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0540, which suggests the price will decrease in the coming days. Percent R is at 63.64%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
