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Keeping an Eye on Trinity Industries, Inc. (TRN) After Insider Trading Activity

Trinity Industries, Inc.’s recent filing unveils that its EVP & CFO Marchetto Eric R unloaded Company’s shares for reported $0.27 million on Mar 27 ’24. In the deal valued at $28.00 per share,9,781 shares were sold. As a result of this transaction, Marchetto Eric R now holds 233,704 shares worth roughly $6.08 million.

Then, Poet Kevin sold 6,000 shares, generating $152,700 in total proceeds. Upon selling the shares at $25.45, the EVP Operations & Support Svcs now owns 30,718 shares.

Before that, Marchetto Eric R sold 11,863 shares. Trinity Industries, Inc. shares valued at $320,301 were divested by the EVP & CFO at a price of $27.00 per share. As a result of the transaction, Marchetto Eric R now holds 250,402 shares, worth roughly $6.52 million.

Susquehanna upgraded its Trinity Industries, Inc. [TRN] rating to a Positive from a a Neutral in a research note published on October 16, 2023; the price target was increased to $32 from $29. A number of analysts have revised their coverage, including Susquehanna’s analysts, who decreased its forecast for the stock in early November from “a Positive” to “a Neutral”. Susquehanna also remained covering TRN and has increased its forecast on July 26, 2021 with a “Positive” recommendation from previously “Neutral” rating. Cowen maintained its rating on February 10, 2021. It rated TRN as “an Outperform”.

Price Performance Review of TRN

On Tuesday, Trinity Industries, Inc. [NYSE:TRN] saw its stock fall -3.84% to $26.02. Over the last five days, the stock has lost -2.77%. Trinity Industries, Inc. shares have fallen nearly -2.14% since the year began. Nevertheless, the stocks have risen 8.64% over the past one year. While a 52-week high of $28.86 was reached on 03/28/24, a 52-week low of $20.04 was recorded on 01/18/24. SMA at 50 days reached $26.37, while 200 days put it at $25.20. A total of 0.8 million shares were traded, compared to the trading of 0.36 million shares in the previous session.

Levels Of Support And Resistance For TRN Stock

The 24-hour chart illustrates a support level at 25.68, which if violated will result in even more drops to 25.35. On the upside, there is a resistance level at 26.63. A further resistance level may holdings at 27.24. The Relative Strength Index (RSI) on the 14-day chart is 42.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.86%. Stochastics %K at 41.85% indicates the stock is a holding.

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