Trimble Inc’s filing revealed that its Senior Vice President Large Peter unloaded Company’s shares for reported $11440.0 on Mar 21 ’24. In the deal valued at $65.00 per share,176 shares were sold. As a result of this transaction, Large Peter now holds 5,718 shares worth roughly $0.36 million.
Then, SCHWARTZ MARK DAVID sold 235 shares, generating $14,542 in total proceeds. Upon selling the shares at $61.88, the Senior VP, CES now owns 9,920 shares.
Before that, PAINTER ROBERT G sold 3,500 shares. Trimble Inc shares valued at $220,255 were divested by the President & CEO at a price of $62.93 per share. As a result of the transaction, PAINTER ROBERT G now holds 187,055 shares, worth roughly $11.63 million.
Piper Sandler upgraded its Trimble Inc [TRMB] rating to an Overweight from a a Neutral in a research note published on February 13, 2024; the price target was increased to $68 from $51. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late September from “a Mkt perform” to “an Outperform”. Edward Jones also remained covering TRMB and has increased its forecast on April 05, 2023 with a “Buy” recommendation from previously “Hold” rating. Northcoast revised its rating on March 07, 2023. It rated TRMB as “a Sell” which previously was an “a Neutral”.
Price Performance Review of TRMB
On Monday, Trimble Inc [NASDAQ:TRMB] saw its stock jump 1.19% to $62.18. Over the last five days, the stock has lost -1.57%. Trimble Inc shares have risen nearly 16.88% since the year began. Nevertheless, the stocks have risen 26.48% over the past one year. While a 52-week high of $65.55 was reached on 03/21/24, a 52-week low of $39.57 was recorded on 01/18/24. SMA at 50 days reached $59.69, while 200 days put it at $52.75. A total of 3.05 million shares were traded, compared to the trading of 1.3 million shares in the previous session.
Levels Of Support And Resistance For TRMB Stock
The 24-hour chart illustrates a support level at 61.66, which if violated will result in even more drops to 61.14. On the upside, there is a resistance level at 62.63. A further resistance level may holdings at 63.08. The Relative Strength Index (RSI) on the 14-day chart is 51.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.70%. Stochastics %K at 14.09% indicates the stock is a buying.
How much short interest is there in Trimble Inc?
A steep rise in short interest was recorded in Trimble Inc stocks on Mar 15, 2024, growing by 0.12 million shares to a total of 3.2 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.08 million shares. There was a rise of 3.75%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.48% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.02.
