Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. TrueBlue Inc shares valued at $101,360 were purchased by Lontoh Sonita on Nov 06 ’23. At $12.67 per share, Lontoh Sonita acquired 8,000 shares. The insider’s holdings grew to 20,674 shares worth approximately $0.26 million following the completion of this transaction.
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Also, Jones Kim Harris purchased 2,000 shares, netting a total of over 25,240 in proceeds. Following the buying of shares at $12.62 each, the insider now holds 41,798 shares.
Before that, Kreidler Robert C. had added 10,000 shares to its account. In a trade valued at $110,700, the Director bought TrueBlue Inc shares for $11.07 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.39 million.
As published in a research note from BMO Capital Markets on May 22, 2023, TrueBlue Inc [TBI] has been rated up from a Market perform to an Outperform and the price target has been revised to $20 from $18. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late May. Earlier on April 27, 2021, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for TBI stock which previously was a “a Neutral”.
Analyzing TBI Stock Performance
During the last five days, there has been a surge of approximately 1.71%. Over the course of the year, TrueBlue Inc shares have dropped approximately -18.38%. Shares of the company reached a 52-week high of $15.60 on 01/02/24 and a 52-week low of $10.77 on 02/23/24. A 50-day SMA is recorded $12.64, while a 200-day SMA reached $14.40. Nevertheless, trading volume fell to 0.35 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for TrueBlue Inc (TBI)
According to the 24-hour chart, there is a support level at 12.44, which, if violated, would cause prices to drop to 12.36. In the upper region, resistance lies at 12.63. The next price resistance is at 12.73. RSI (Relative Strength Index) is 57.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.46, which suggests the price will decrease in the coming days. Percent R is at 10.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is TrueBlue Inc subject to short interest?
Stocks of TrueBlue Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 50000.0 shares to 1.64 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.59 million shares. A jump of 3.05% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.85 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.85.
