TE Connectivity Ltd. (NYSE:TEL) has tumbled 1.22% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.82% in the last four weeks. The stocks have underperformed the S&P 500 by 0.04% during the past week but TE Connectivity Ltd. (NYSE:TEL) it has outperformed the index in 4 weeks by 3.87%.
TE Connectivity Ltd. (NYSE:TEL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $60.35 and $60.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $60.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $60.62, notching a gain of 0.56% for the day. The total traded volume was 3,253,531 . The stock had closed at $60.28 on the previous day.
The company shares have dropped -12.60% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $69.73 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $59.64 and the 200 Day Moving Average price is recorded at $60.08.
On the companys insider trading activities,The director officer (Chairman & CEO) of Te Connectivity Ltd., Lynch Thomas J sold 87,958 shares at $61.45 on June 10, 2016. The Insider selling transaction had a total value worth of $5,405,019. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Goldman Sachs downgrades the rating on TE Connectivity Ltd. (NYSE:TEL). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The Analysts at the ratings agency lowers the price target from $70 per share to $66 per share. The rating by the firm was issued on May 9, 2016. Currently the company Insiders own 1.49% of TE Connectivity Ltd. shares according to the proxy statements. Institutional Investors own 91.18% of TE Connectivity Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -9.08%.
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.