Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Terreno Realty Corp shares valued at $93,090 were sold by Weston Melinda on Dec 14 ’23. At $62.06 per share, Weston Melinda sold 1,500 shares. The insider’s holdings dropped to 15,683 shares worth approximately $1.02 million following the completion of this transaction.
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Also, CARLSON LEROY E sold 5,000 shares, netting a total of over 293,850 in proceeds. Following the sale of shares at $58.77 each, the insider now holds 34,871 shares.
Before that, COKE MICHAEL A had sold 10,000 shares from its account. In a trade valued at $596,000, the PRESIDENT traded Terreno Realty Corp shares for $59.60 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $25.87 million.
As published in their initiating research note from Barclays on March 27, 2024, Terreno Realty Corp [TRNO] has been an Overweight and the price target has been revised to $71. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in early December. As of October 03, 2023, Wedbush has initiated its “Neutral” rating for TRNO. Earlier on July 19, 2023, Citigroup initiated its rating. Their recommendation was “a Neutral” for TRNO stock.
Analyzing TRNO Stock Performance
During the last five days, there has been a surge of approximately 2.62%. Over the course of the year, Terreno Realty Corp shares have jumped approximately 4.24%. Shares of the company reached a 52-week high of $65.64 on 03/01/24 and a 52-week low of $59.02 on 02/01/24. A 50-day SMA is recorded $62.70, while a 200-day SMA reached $59.57. Nevertheless, trading volume fell to 1.61 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for Terreno Realty Corp (TRNO)
According to the 24-hour chart, there is a support level at 64.48, which, if violated, would cause prices to drop to 63.62. In the upper region, resistance lies at 65.77. The next price resistance is at 66.20. RSI (Relative Strength Index) is 62.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 0.57%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Terreno Realty Corp subject to short interest?
Stocks of Terreno Realty Corp saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.3 million shares to 3.02 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 2.72 million shares. A jump of 9.93% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.69 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.69.
