Timken Co’s recent filing unveils that its Director Kyle Richard G acquired Company’s shares for reported $0.86 million on Feb 21 ’25. In the deal valued at $83.20 per share,10,381 shares were bought.
Then, Kyle Richard G sold 17,001 shares, generating $1,402,582 in total proceeds. Upon selling the shares at $82.50, the Director now owns 196,029 shares.
Before that, Kyle Richard G sold 10,000 shares. Timken Co shares valued at $827,500 were divested by the Director at a price of $82.75 per share. As a result of the transaction, Kyle Richard G now holds 186,029 shares, worth roughly $15.11 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 Friday, Timken Co [NYSE:TKR] saw its stock fall -3.03% to $81.25. Over the last five days, the stock has lost -2.25%. Timken Co shares have risen nearly 13.84% since the year began. Nevertheless, the stocks have risen 1.86% over the past one year. While a 52-week high of $94.71 was reached on 02/20/25, a 52-week low of $69.35 was recorded on 01/03/25. SMA at 50 days reached $76.75, while 200 days put it at $81.12.
Levels Of Support And Resistance For TKR Stock
The 24-hour chart illustrates a support level at 80.04, which if violated will result in even more drops to 78.84. On the upside, there is a resistance level at 83.32. A further resistance level may holdings at 85.40. The Relative Strength Index (RSI) on the 14-day chart is 55.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.76%. Stochastics %K at 81.78% indicates the stock is a selling.
