In a filing, Trinity Industries, Inc. revealed 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 $7.11 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 $7.62 million.
TD Cowen reiterated its Trinity Industries, Inc. [TRN] rating to a Buy in a research note published on May 02, 2024; the price target was $33. A number of analysts have revised their coverage, including Susquehanna’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Positive”. Susquehanna also remained covering TRN and has decreased its forecast on November 07, 2022 with a “Neutral” recommendation from previously “Positive” rating. Susquehanna revised its rating on July 26, 2021. It rated TRN as “a Positive” which previously was an “a Neutral”.
Price Performance Review of TRN
On Friday, Trinity Industries, Inc. [NYSE:TRN] saw its stock jump 1.30% to $30.44. Over the last five days, the stock has gained 12.16%. Trinity Industries, Inc. shares have risen nearly 14.48% since the year began. Nevertheless, the stocks have risen 39.89% over the past one year. While a 52-week high of $30.46 was reached on 05/03/24, a 52-week low of $20.04 was recorded on 01/18/24. SMA at 50 days reached $26.61, while 200 days put it at $25.26. A total of 0.63 million shares were traded, compared to the trading of 1.11 million shares in the previous session.
Levels Of Support And Resistance For TRN Stock
The 24-hour chart illustrates a support level at 29.93, which if violated will result in even more drops to 29.42. On the upside, there is a resistance level at 30.80. A further resistance level may holdings at 31.16. The Relative Strength Index (RSI) on the 14-day chart is 70.50, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.41%. Stochastics %K at 93.20% indicates the stock is a selling.
The most recent change occurred on February 10, 2021 when Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $34.
