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Investing in Triumph Group Inc. (TGI): What You Must Know

In a filing, Triumph Group Inc. revealed its Director Keating Neal J acquired Company’s shares for reported $0.1 million on Feb 09 ’24. In the deal valued at $14.53 per share,7,200 shares were bought. As a result of this transaction, Keating Neal J now holds 58,987 shares worth roughly $0.84 million.

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Then, Quigley Thomas A. III bought 2,500 shares, generating $21,388 in total proceeds. Upon buying the shares at $8.55, the VP, IR, M&A & Treasurer now owns 36,766 shares.

Before that, Keating Neal J bought 10,000 shares. Triumph Group Inc. shares valued at $80,400 were divested by the Director at a price of $8.04 per share. As a result of the transaction, Keating Neal J now holds 51,787 shares, worth roughly $0.74 million.

JP Morgan upgraded its Triumph Group Inc. [TGI] rating to a Neutral from a an Underweight in a research note published on April 15, 2024; the price target was increased to $17 from $13. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in late March from “a Peer perform” to “an Outperform”. BofA Securities revised its rating on January 25, 2024. It rated TGI as “a Buy” which previously was an “an Underperform”.

Price Performance Review of TGI

On Friday, Triumph Group Inc. [NYSE:TGI] saw its stock jump 0.21% to $14.32. Over the last five days, the stock has gained 3.62%. Triumph Group Inc. shares have fallen nearly -13.63% since the year began. Nevertheless, the stocks have risen 39.16% over the past one year. While a 52-week high of $17.27 was reached on 01/31/24, a 52-week low of $7.00 was recorded on 04/19/24. SMA at 50 days reached $13.94, while 200 days put it at $11.86. A total of 0.67 million shares were traded, compared to the trading of 0.46 million shares in the previous session.

Levels Of Support And Resistance For TGI Stock

The 24-hour chart illustrates a support level at 14.15, which if violated will result in even more drops to 13.97. On the upside, there is a resistance level at 14.49. A further resistance level may holdings at 14.65. The Relative Strength Index (RSI) on the 14-day chart is 57.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.32%. Stochastics %K at 79.90% indicates the stock is a holding.

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