The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Trustmark Corp. shares valued at $83,983 were sold by PUCKETT RICHARD H on Dec 19 ’23. At $27.69 per share, PUCKETT RICHARD H sold 3,033 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Eduardo Marcelo L sold 1,060 shares, netting a total of over 22,470 in proceeds. Following the sale of shares at $21.20 each, the insider now holds 6,032 shares.
Before that, PUCKETT RICHARD H had added 2,000 shares to its account. In a trade valued at $42,220, the Director bought Trustmark Corp. shares for $21.11 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $1.26 million.
As published in a research note from Raymond James on April 06, 2023, Trustmark Corp. [TRMK] has been rated down from an Outperform to a Mkt perform. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late February. As of January 09, 2023, DA Davidson has initiated its “Neutral” rating for TRMK. Earlier on July 30, 2020, Raymond James upgraded its rating. Their new recommendation was “a Mkt perform” for TRMK stock which previously was a “an Underperform”.
Analyzing TRMK Stock Performance
During the last five days, there has been a surge of approximately 15.32%. Over the course of the year, Trustmark Corp. shares have jumped approximately 5.31%. Shares of the company reached a 52-week high of $29.84 on 04/24/24 and a 52-week low of $25.24 on 03/15/24. A 50-day SMA is recorded $26.75, while a 200-day SMA reached $24.73. Nevertheless, trading volume fell to 0.72 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Trustmark Corp. (TRMK)
According to the 24-hour chart, there is a support level at 28.56, which, if violated, would cause prices to drop to 27.76. In the upper region, resistance lies at 30.00. The next price resistance is at 30.64. RSI (Relative Strength Index) is 69.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.15, which suggests the price will increase in the coming days. Percent R is at 10.84%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
