Shares of TE Connectivity Ltd. (TEL) Rally 4.4%

TE Connectivity Ltd. (TEL) has been under a strong bear grip, hence the stock is down -5.07% 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 2.86% in the past 1 week. The stock has risen by 4.4% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.92% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.86% and the 50-Day Moving Average is 1.62%.

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 $60.05 and $59.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $60.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $60.06, notching a gain of 0.81% for the day. The total traded volume was 1,294,215 . The stock had closed at $59.58 on the previous day.


The company Insiders own 1.49% of TE Connectivity Ltd. shares according to the proxy statements. Institutional Investors own 90.96% of TE Connectivity Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -9.08%. In a related news, Lynch Thomas J, director officer (Chairman & CEO) of Te Connectivity Ltd., unloaded 87,958 shares at an average price of $61.45 on June 10, 2016. The total amount of the transaction was worth $5,405,019, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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