The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Trinity Place Holdings Inc. shares valued at $5,018 were purchased by Messinger, Matthew on Jun 21. At $1.02 per share, Messinger, Matthew acquired 4,900 shares. The insider’s holdings grew to 1,824,702 shares worth approximately $2.06 million following the completion of this transaction.
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Also, Messinger, Matthew purchased 2,300 shares, netting a total of over 3,091 in proceeds. Following the buying of shares at $1.34 each, the insider now holds 1,819,802 shares.
Before that, Messinger, Matthew had added 1,000 shares to its account. In a trade valued at $1,304, the President and CEO bought Trinity Place Holdings Inc. shares for $1.30 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $2.05 million.
As published in a research note from Citigroup on June 17, 2022, Westlake Corporation [WLK] has been rated down from a Buy to a Neutral and the price target has been revised to $114 from $160. This represents a 15.51% premium over Wednesday’s closing price. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early June. Earlier on November 22, 2021, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for WLK stock which previously was a “an Overweight”.
Analyzing TPHS’s Price Performance
On Wednesday, Trinity Place Holdings Inc. [AMEX: TPHS] rose 8.65% to $1.13. The stock’s lowest price that day was $1.00, but it reached a high of $1.13 in the same session. During the last five days, there has been a surge of approximately 7.62%. Over the course of the year, Trinity Place Holdings Inc. shares have dropped approximately -38.59%. Shares of the company reached a 52-week high of $2.1298 on 03/25/22 and a 52-week low of $0.9500 on 06/21/22. A 50-day SMA is recorded $1.2925, while a 200-day SMA reached $1.7545. Nevertheless, trading volume fell to 13192.0 shares from 38900.0 shares the previous day.
Support And Resistance Levels for Trinity Place Holdings Inc. (TPHS)
According to the 24-hour chart, there is a support level at 1.0433, which, if violated, would cause prices to drop to 0.9565. In the upper region, resistance lies at 1.1734. The next price resistance is at 1.2167. RSI (Relative Strength Index) is 44.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0545, which suggests the price will decrease in the coming days. Percent R is at 55.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Trinity Place Holdings Inc. subject to short interest?
Stocks of Trinity Place Holdings Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by 13710.0 shares to 81430.0. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 95140.0 shares. A decline of -16.84% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.52 of the overall float, the days-to-cover ratio (short ratio) decline to 3.52.
Which companies own the most shares of Trinity Place Holdings Inc. (TPHS)?
According to MFP Investors LLC filings, the company currently owns 9,161,501 shares, which is about 24.86% of the total TPHS shares outstanding. The investor’s shares have appreciated by 347,700 from its previous 13-F filing of 8813801.0 shares. With the completion of the sale, Third Avenue Management LLC’s stake is now worth $7,406,423. Kahn Brothers Advisors LLC reduced a -0.64% interest valued at $1.98 million while The Vanguard Group, Inc. sold a 0 stake. A total of 29,530 shares of Trinity Place Holdings Inc. were sold by Oppenheimer + Close LLC during the quarter, and -14,850 were sold by O’Keefe Stevens Advisory, Inc. In its current portfolio, Teton Advisors, Inc. holds 470,000 shares valued at $0.63 million.
In spite of this, 0 analysts ranked Trinity Place Holdings Inc. stock as a – at the end of 2022.