Trinity Industries, Inc.’s filing revealed that its EVP & CFO Marchetto Eric R unloaded Company’s shares for reported $0.27 million on Mar 27 ’24. In the deal valued at $28.00 per share,9,781 shares were sold. As a result of this transaction, Marchetto Eric R now holds 233,704 shares worth roughly $6.53 million.
Then, Poet Kevin sold 6,000 shares, generating $152,700 in total proceeds. Upon selling the shares at $25.45, the EVP Operations & Support Svcs now owns 30,718 shares.
Before that, Marchetto Eric R sold 11,863 shares. Trinity Industries, Inc. shares valued at $320,301 were divested by the EVP & CFO at a price of $27.00 per share. As a result of the transaction, Marchetto Eric R now holds 250,402 shares, worth roughly $6.99 million.
Susquehanna upgraded its Trinity Industries, Inc. [TRN] rating to a Positive from a a Neutral in a research note published on October 16, 2023; the price target was increased to $32 from $29. A number of analysts have revised their coverage, including Susquehanna’s analysts, who decreased its forecast for the stock in early November from “a Positive” to “a Neutral”. Susquehanna also remained covering TRN and has increased its forecast on July 26, 2021 with a “Positive” recommendation from previously “Neutral” rating. Cowen maintained its rating on February 10, 2021. It rated TRN as “an Outperform”.
Price Performance Review of TRN
On Tuesday, Trinity Industries, Inc. [NYSE:TRN] saw its stock jump 0.29% to $27.93. Over the last five days, the stock has gained 3.29%. Trinity Industries, Inc. shares have risen nearly 5.04% since the year began. Nevertheless, the stocks have risen 19.56% over the past one year. While a 52-week high of $28.86 was reached on 03/28/24, a 52-week low of $20.04 was recorded on 01/18/24. SMA at 50 days reached $26.15, while 200 days put it at $25.08. A total of 0.28 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For TRN Stock
The 24-hour chart illustrates a support level at 27.55, which if violated will result in even more drops to 27.16. On the upside, there is a resistance level at 28.26. A further resistance level may holdings at 28.58. The Relative Strength Index (RSI) on the 14-day chart is 61.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.28%. Stochastics %K at 87.68% indicates the stock is a selling.
How much short interest is there in Trinity Industries, Inc.?
A steep rise in short interest was recorded in Trinity Industries, Inc. stocks on Mar 28, 2024, dropping by 70000.0 shares to a total of 1.74 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.81 million shares. There was a decline of -4.02%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.75% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.21.
