Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TPI Composites Inc shares valued at $121,600 were purchased by Dere Construction Taahhut A.S. on Feb 24 ’25. At $1.52 per share, Dere Construction Taahhut A.S. acquired 80,000 shares. The insider’s holdings grew to 4,397,232 shares worth approximately $3.74 million following the completion of this transaction.
Also, Dere Construction Taahhut A.S. purchased 66,000 shares, netting a total of over 95,040 in proceeds. Following the buying of shares at $1.44 each, the insider now holds 4,295,232 shares.
Before that, Dere Construction Taahhut A.S. had added 49,000 shares to its account. In a trade valued at $77,910, the 10% Owner bought TPI Composites Inc shares for $1.59 each. Upon closing the transaction, the insider’s holdings increased to 49,000 shares, worth approximately $3.59 million.
As published in a research note from Jefferies on March 18, 2025, TPI Composites Inc [TPIC] has been rated down from a Hold to an Underperform and the price target has been revised to $0.50. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of November 15, 2024, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for TPIC. Earlier on October 17, 2024, Jefferies initiated its rating. Their recommendation was “a Hold” for TPIC stock.
Analyzing TPIC Stock Performance
During the last five days, there has been a drop of approximately -3.99%. Over the course of the year, TPI Composites Inc shares have dropped approximately -54.96%. Shares of the company reached a 52-week high of $2.0845 on 01/06/25 and a 52-week low of $0.7900 on 03/21/25. A 50-day SMA is recorded $1.2665, while a 200-day SMA reached $2.8997.
Support And Resistance Levels for TPI Composites Inc (TPIC)
According to the 24-hour chart, there is a support level at 0.8187, which, if violated, would cause prices to drop to 0.7862. In the upper region, resistance lies at 0.8751. The next price resistance is at 0.8990. RSI (Relative Strength Index) is 38.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0752, which suggests the price will decrease in the coming days. Percent R is at 85.91%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
