TE Connectivity Ltd. (TEL) Shares are Up 1.71%

TE Connectivity Ltd. (TEL) has been under a strong bear grip, hence the stock is down -1.14% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.66% in the past 1 week. The stock has risen by 1.71% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.12% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.09% and the 50-Day Moving Average is 0.68%. TE Connectivity Ltd. (NYSE:TEL): On Fridays trading session , Opening price of the stock was $60.02 with an intraday high of $60.15. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $59.62. However, the stock managed to close at $59.99, a loss of 0.13% for the day. On the previous day, the stock had closed at $60.07. The total traded volume of the day was 778,935 shares.


The company Insiders own 1.49% of TE Connectivity Ltd. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -96.34% . Institutional Investors own 91.85% of TE Connectivity Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -29.76%. Also, Equity analysts at the Brokerage firm Goldman Sachs downgrades its rating on TE Connectivity Ltd. (NYSE:TEL). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The Analysts at Goldman Sachs lowers the price target from $70 per share to $66 per share. The rating by the firm was issued on May 9, 2016.

TE Connectivity Ltd. (TE Connectivity) is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates its business through three segments: Transportation Solutions, which offers various products, including terminals and connector systems and components, relays, circuit protection devices, sensors, and application tooling, among others; Industrial Solutions, which include terminals and connector systems and components, heat shrink tubing, relays, wire and cable, and Communications Solutions, which include terminals and connector systems and components, circuit protection devices, antennas, relays and heat shrink tubing. It markets its products to manufacturers and distributors in a number of markets, which include automotive, industrial equipment and consumer devices.

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