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In related news, VP sold 5,046 shares of Teledyne Technologies stock in a transaction that occurred on Tuesday, November 8th.
Over CAD$25 million has been spent thus far, (2020 dollars inflation-adjusted) on the Teledyne Property resulting in valuable infrastructure including a development ramp and a modern decline going down 500 ft parallel to the main cobalt mineralized vein.
Recently, Teledyne strengthened its market position by acquiring Xena Networks.
Source: https://investorplace.com/2023/12/space-race-winners-3-stocks-leading-the-galactic-charge/
Teledyne Technologies stock traded up $0.84 during midday trading on Friday, reaching $390.49.
This current version of the company was the result of a spinoff from the Teledyne parent, and it has been a serial acquirer since its IPO.
Valuation has long been a challenge with Teledyne and today is no exception.
Vanguard Group Inc. raised its stake in shares of Teledyne Technologies by 0.9% in the third quarter.