Today it was reported that the Sr VP & Chief Tax Officer of TE Connectivity (TEL), Eric Resch, exercised options to sell 34,050 TEL shares at $24.60 a share, for a total transaction value of $2.82M.
Following Eric Resch’s last TEL Sell transaction on February 06, 2017, the stock climbed by 10.9%. In addition to Eric Resch, one other TEL executive reported Sell trades in the last month.
See today’s analyst top recommended stocks >>
TEL’s market cap is $28.22B and the company has a P/E ratio of 9.78. Currently, TE Connectivity has an average volume of 429.4K.
Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $88.75, reflecting a 6.4% upside.
The insider sentiment on TE Connectivity has been negative according to 62 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensors solutions. It operates through the following segments: Transportation, Industrial, and Communications Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets.
