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A company insider recently sold 124,609 shares of Trinity Place Holdings Inc [TPHS]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trinity Place Holdings Inc shares valued at $19,937 were sold by MFP PARTNERS LP on May 17 ’24. At $0.16 per share, MFP PARTNERS LP sold 124,609 shares. The insider’s holdings dropped to 8,882,617 shares worth approximately $1.24 million following the completion of this transaction.

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Also, MFP PARTNERS LP sold 217,927 shares, netting a total of over 32,689 in proceeds. Following the sale of shares at $0.15 each, the insider now holds 9,007,226 shares.

Before that, MFP PARTNERS LP had sold 7,464 shares from its account. In a trade valued at $1,045, the 10% Owner traded Trinity Place Holdings Inc shares for $0.14 each. Upon closing the transaction, the insider’s holdings decreased to 7,464 shares, worth approximately $1.29 million.

Analyzing TPHS Stock Performance

During the last five days, there has been a drop of approximately -12.68%. Over the course of the year, Trinity Place Holdings Inc shares have jumped approximately 23.51%. Shares of the company reached a 52-week high of $0.3750 on 03/18/24 and a 52-week low of $0.0810 on 03/15/24. A 50-day SMA is recorded $0.1402, while a 200-day SMA reached $0.2312. Nevertheless, trading volume fell to 1.97 million shares from 0.42 million shares the previous day.

Support And Resistance Levels for Trinity Place Holdings Inc (TPHS)

According to the 24-hour chart, there is a support level at 0.1286, which, if violated, would cause prices to drop to 0.1202. In the upper region, resistance lies at 0.1449. The next price resistance is at 0.1528. RSI (Relative Strength Index) is 46.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0022, which suggests the price will decrease in the coming days. Percent R is at 82.85%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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