TrueBlue Inc’s recent filing unveils that its Director Lontoh Sonita acquired Company’s shares for reported $0.1 million on Nov 06 ’23. In the deal valued at $12.67 per share,8,000 shares were bought. As a result of this transaction, Lontoh Sonita now holds 20,674 shares worth roughly $0.25 million.
Then, Jones Kim Harris bought 2,000 shares, generating $25,240 in total proceeds. Upon buying the shares at $12.62, the Director now owns 41,798 shares.
Before that, Kreidler Robert C. bought 10,000 shares. TrueBlue Inc shares valued at $110,700 were divested by the Director at a price of $11.07 per share. As a result of the transaction, Kreidler Robert C. now holds 31,136 shares, worth roughly $0.37 million.
BMO Capital Markets upgraded its TrueBlue Inc [TBI] rating to an Outperform from a a Market perform in a research note published on May 22, 2023; the price target was increased to $20 from $18. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in late May from “an Outperform” to “a Market perform”. Robert W. Baird revised its rating on April 27, 2021. It rated TBI as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of TBI
On Tuesday, TrueBlue Inc [NYSE:TBI] saw its stock jump 1.01% to $11.96. Over the last five days, the stock has lost -0.58%. TrueBlue Inc shares have fallen nearly -22.03% since the year began. Nevertheless, the stocks have fallen -32.24% over the past one year. While a 52-week high of $19.06 was reached on 01/02/24, a 52-week low of $10.15 was recorded on 02/23/24. SMA at 50 days reached $12.31, while 200 days put it at $14.20. A total of 0.3 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For TBI Stock
The 24-hour chart illustrates a support level at 11.80, which if violated will result in even more drops to 11.63. On the upside, there is a resistance level at 12.10. A further resistance level may holdings at 12.23. The Relative Strength Index (RSI) on the 14-day chart is 47.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.66%. Stochastics %K at 34.01% indicates the stock is a holding.
How much short interest is there in TrueBlue Inc?
A steep rise in short interest was recorded in TrueBlue Inc stocks on Mar 28, 2024, dropping by -1.11 million shares to a total of 0.88 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.99 million shares. There was a decline of -124.97%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.08% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.06.
