In a filing, Timken Co revealed 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 $9.88 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 $10.8 million.
Jefferies downgraded its Timken Co [TKR] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early February from “an Underperform” to “a Neutral”. Morgan Stanley also remained covering TKR and has increased its forecast on December 17, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Citigroup revised its rating on December 09, 2024. It rated TKR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of TKR
On Friday, Timken Co [NYSE:TKR] saw its stock jump 2.04% to $61.48. Over the last five days, the stock has gained 2.31%. Timken Co shares have fallen nearly -13.86% since the year began. Nevertheless, the stocks have fallen -29.06% over the past one year. While a 52-week high of $94.71 was reached on 02/20/25, a 52-week low of $56.20 was recorded on 04/09/25. SMA at 50 days reached $75.23, while 200 days put it at $78.65.
Levels Of Support And Resistance For TKR Stock
The 24-hour chart illustrates a support level at 59.98, which if violated will result in even more drops to 58.48. On the upside, there is a resistance level at 62.43. A further resistance level may holdings at 63.38. The Relative Strength Index (RSI) on the 14-day chart is 35.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.89%. Stochastics %K at 26.53% 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 2025-03-31, growing by 0.17 million shares to a total of 2.2 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 2.03 million shares. There was a rise of 7.66%, which implies that there is a positive sentiment for the stock.
