Trinity Capital Inc’s recent filing unveils that its CEO, President and CIO Brown Kyle Steven acquired Company’s shares for reported $49993.0 on Mar 14 ’24. In the deal valued at $14.91 per share,3,354 shares were bought. As a result of this transaction, Brown Kyle Steven now holds 821,477 shares worth roughly $11.88 million.
Then, Brown Kyle Steven bought 2,786 shares, generating $40,007 in total proceeds. Upon buying the shares at $14.36, the President and CIO now owns 830,708 shares.
Before that, Brown Kyle Steven bought 3,531 shares. Trinity Capital Inc shares valued at $49,999 were divested by the President and CIO at a price of $14.16 per share. As a result of the transaction, Brown Kyle Steven now holds 51,819 shares, worth roughly $0.75 million.
Compass Point upgraded its Trinity Capital Inc [TRIN] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in early August from “an Underperform” to “a Mkt perform”. Jefferies began covering TRIN with “Buy” recommendation on July 05, 2023. Keefe Bruyette revised its rating on March 13, 2023. It rated TRIN as “an Underperform” which previously was an “a Mkt perform”.
Price Performance Review of TRIN
On Friday, Trinity Capital Inc [NASDAQ:TRIN] saw its stock jump 0.35% to $14.46. Over the last five days, the stock has lost -1.50%. Trinity Capital Inc shares have fallen nearly -0.48% since the year began. Nevertheless, the stocks have risen 24.26% over the past one year. While a 52-week high of $15.44 was reached on 03/07/24, a 52-week low of $11.07 was recorded on 01/23/24. SMA at 50 days reached $14.43, while 200 days put it at $14.39. A total of 0.57 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For TRIN Stock
The 24-hour chart illustrates a support level at 14.41, which if violated will result in even more drops to 14.35. On the upside, there is a resistance level at 14.51. A further resistance level may holdings at 14.55. The Relative Strength Index (RSI) on the 14-day chart is 44.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.00%. Stochastics %K at 5.78% indicates the stock is a buying.
How much short interest is there in Trinity Capital Inc?
A steep rise in short interest was recorded in Trinity Capital Inc stocks on Mar 15, 2024, growing by 0.15 million shares to a total of 0.85 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.7 million shares. There was a rise of 17.38%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.95% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.96.
