Trimble Inc’s filing revealed that its President & CEO PAINTER ROBERT G unloaded Company’s shares for reported $0.22 million on Apr 09 ’24. In the deal valued at $62.50 per share,3,500 shares were sold. As a result of this transaction, PAINTER ROBERT G now holds 183,555 shares worth roughly $10.91 million.
Then, Large Peter sold 176 shares, generating $11,440 in total proceeds. Upon selling the shares at $65.00, the Senior Vice President now owns 5,718 shares.
Before that, SCHWARTZ MARK DAVID sold 235 shares. Trimble Inc shares valued at $14,542 were divested by the Senior VP, CES at a price of $61.88 per share. As a result of the transaction, SCHWARTZ MARK DAVID now holds 9,920 shares, worth roughly $0.59 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 fall -1.87% to $59.41. Over the last five days, the stock has lost -4.45%. Trimble Inc shares have risen nearly 11.67% since the year began. Nevertheless, the stocks have risen 19.35% 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 $60.64, while 200 days put it at $53.01. A total of 1.02 million shares were traded, compared to the trading of 1.03 million shares in the previous session.
Levels Of Support And Resistance For TRMB Stock
The 24-hour chart illustrates a support level at 58.64, which if violated will result in even more drops to 57.87. On the upside, there is a resistance level at 60.79. A further resistance level may holdings at 62.17. The Relative Strength Index (RSI) on the 14-day chart is 38.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.06%. Stochastics %K at 13.52% indicates the stock is a buying.
