Timken Co’s filing revealed that its Director Kyle Richard G unloaded Company’s shares for reported $1.19 million on Feb 25 ’25. In the deal valued at $79.20 per share,15,000 shares were sold. As a result of this transaction, Kyle Richard G now holds 160,649 shares worth roughly $12.28 million.
Then, Kyle Richard G bought 15,000 shares, generating $1,188,000 in total proceeds.
Before that, Kyle Richard G sold 10,380 shares. Timken Co shares valued at $863,097 were divested by the Director at a price of $83.15 per share. As a result of the transaction, Kyle Richard G now holds 175,649 shares, worth roughly $13.42 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 0.21% to $76.42. Over the last five days, the stock has gained 2.43%. Timken Co shares have risen nearly 7.08% since the year began. Nevertheless, the stocks have fallen -14.38% 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 $78.05, while 200 days put it at $79.73.
Levels Of Support And Resistance For TKR Stock
The 24-hour chart illustrates a support level at 75.46, which if violated will result in even more drops to 74.50. On the upside, there is a resistance level at 77.31. A further resistance level may holdings at 78.19. The Relative Strength Index (RSI) on the 14-day chart is 49.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.69%. Stochastics %K at 64.20% indicates the stock is a holding.
How much short interest is there in Timken Co?
A steep rise in short interest was recorded in Timken Co stocks on 2025-03-14, dropping by 56959.0 shares to a total of 2.15 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 2.21 million shares. There was a decline of -2.65%, which implies that there is a negative sentiment for the stock.
