TriNet Group Inc’s filing revealed that its Director Chamberlain Paul Edward unloaded Company’s shares for reported $37882.0 on May 01 ’24. In the deal valued at $101.02 per share,375 shares were sold. As a result of this transaction, Chamberlain Paul Edward now holds 36,341 shares worth roughly $3.82 million.
Then, Goldfield Burton M. sold 16,200 shares, generating $2,018,956 in total proceeds. Upon selling the shares at $124.63, the Director now owns 364,479 shares.
Before that, WELLINGTON SAMANTHA sold 14,271 shares. TriNet Group Inc shares valued at $1,782,231 were divested by the EVP, CLO and SECRETARY at a price of $124.88 per share. As a result of the transaction, WELLINGTON SAMANTHA now holds 48,562 shares, worth roughly $5.1 million.
UBS initiated its TriNet Group Inc [TNET] rating to a Neutral in a research note published on November 07, 2023; the price target was $110. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early August from “a Market perform” to “an Outperform”. Needham began covering TNET with “Buy” recommendation on May 12, 2023. Cowen started covering the stock on September 08, 2022. It rated TNET as “a Market perform”.
Price Performance Review of TNET
On Tuesday, TriNet Group Inc [NYSE:TNET] saw its stock jump 2.63% to $105.01. Over the last five days, the stock has gained 4.62%. TriNet Group Inc shares have fallen nearly -11.70% since the year began. Nevertheless, the stocks have risen 14.75% over the past one year. While a 52-week high of $134.67 was reached on 04/04/24, a 52-week low of $87.20 was recorded on 04/30/24. SMA at 50 days reached $124.54, while 200 days put it at $116.00. A total of 0.36 million shares were traded, compared to the trading of 0.28 million shares in the previous session.
Levels Of Support And Resistance For TNET Stock
The 24-hour chart illustrates a support level at 102.67, which if violated will result in even more drops to 100.32. On the upside, there is a resistance level at 106.37. A further resistance level may holdings at 107.73. The Relative Strength Index (RSI) on the 14-day chart is 29.55, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.66%. Stochastics %K at 9.36% indicates the stock is a buying.
