Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TPG Inc shares valued at $65,988,823 were sold by BONDERMAN DAVID on Feb 29 ’24. At $41.64 per share, BONDERMAN DAVID sold 1,584,746 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, COULTER JAMES G sold 1,334,746 shares, netting a total of over 55,578,823 in proceeds. Following the sale of shares at $41.64 each, the insider now holds 0 shares.
Before that, WINKELRIED JON had sold 1,000,000 shares from its account. In a trade valued at $41,640,000, the Chief Executive Officer traded TPG Inc shares for $41.64 each. Upon closing the transaction, the insider’s holdings decreased to 1,000,000 shares, worth approximately $144.77 million.
As published in their initiating research note from TD Cowen on January 04, 2024, TPG Inc [TPG] has been a Market perform and the price target has been revised to $38. Earlier on May 19, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for TPG stock.
Analyzing TPG Stock Performance
During the last five days, there has been a drop of approximately -0.66%. Over the course of the year, TPG Inc shares have jumped approximately 0.81%. Shares of the company reached a 52-week high of $47.20 on 03/21/24 and a 52-week low of $38.20 on 01/17/24. A 50-day SMA is recorded $44.35, while a 200-day SMA reached $36.78. Nevertheless, trading volume fell to 0.95 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for TPG Inc (TPG)
According to the 24-hour chart, there is a support level at 42.45, which, if violated, would cause prices to drop to 41.39. In the upper region, resistance lies at 44.86. The next price resistance is at 46.21. RSI (Relative Strength Index) is 46.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.76, which suggests the price will decrease in the coming days. Percent R is at 63.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
