Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trimble Inc shares valued at $218,750 were sold by PAINTER ROBERT G on Apr 09 ’24. At $62.50 per share, PAINTER ROBERT G sold 3,500 shares. The insider’s holdings dropped to 183,555 shares worth approximately $11.39 million following the completion of this transaction.
Also, Large Peter sold 176 shares, netting a total of over 11,440 in proceeds. Following the sale of shares at $65.00 each, the insider now holds 5,718 shares.
Before that, SCHWARTZ MARK DAVID had sold 235 shares from its account. In a trade valued at $14,542, the Senior VP, CES traded Trimble Inc shares for $61.88 each. Upon closing the transaction, the insider’s holdings decreased to 235 shares, worth approximately $0.62 million.
As published in a research note from Piper Sandler on February 13, 2024, Trimble Inc [TRMB] has been rated up from a Neutral to an Overweight and the price target has been revised to $68 from $51. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late September. As of April 05, 2023, Edward Jones has increased its “Hold” rating to a “Buy” for TRMB. Earlier on March 07, 2023, Northcoast downgraded its rating. Their new recommendation was “a Sell” for TRMB stock which previously was a “a Neutral”.
Analyzing TRMB Stock Performance
During the last five days, there has been a surge of approximately 0.88%. Over the course of the year, Trimble Inc shares have jumped approximately 16.60%. Shares of the company reached a 52-week high of $65.55 on 03/21/24 and a 52-week low of $48.60 on 01/18/24. A 50-day SMA is recorded $60.31, while a 200-day SMA reached $52.93. Nevertheless, trading volume fell to 1.33 million shares from 1.53 million shares the previous day.
Support And Resistance Levels for Trimble Inc (TRMB)
According to the 24-hour chart, there is a support level at 61.52, which, if violated, would cause prices to drop to 61.01. In the upper region, resistance lies at 62.39. The next price resistance is at 62.75. RSI (Relative Strength Index) is 50.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.57, which suggests the price will decrease in the coming days. Percent R is at 69.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Trimble Inc subject to short interest?
Stocks of Trimble Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.12 million shares to 3.2 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.08 million shares. A jump of 3.75% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.02 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.02.
