Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Trimble Inc shares valued at $137,230 were sold by SCHWARTZ MARK DAVID on Apr 16 ’24. At $59.10 per share, SCHWARTZ MARK DAVID sold 2,322 shares. The insider’s holdings dropped to 10,265 shares worth approximately $0.59 million following the completion of this transaction.
Also, Large Peter sold 1,447 shares, netting a total of over 85,518 in proceeds. Following the sale of shares at $59.10 each, the insider now holds 8,220 shares.
Before that, SCHWARTZ MARK DAVID had sold 235 shares from its account. In a trade valued at $14,368, the Senior VP, CES traded Trimble Inc shares for $61.14 each. Upon closing the transaction, the insider’s holdings decreased to 235 shares, worth approximately $0.73 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 drop of approximately -6.72%. Over the course of the year, Trimble Inc shares have jumped approximately 8.76%. 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 $61.03, while a 200-day SMA reached $53.10. Nevertheless, trading volume fell to 0.91 million shares from 0.9 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 57.51, which, if violated, would cause prices to drop to 57.16. In the upper region, resistance lies at 58.45. The next price resistance is at 59.04. RSI (Relative Strength Index) is 32.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.66, which suggests the price will decrease in the coming days. Percent R is at 98.31%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
