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

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Triumph Group Inc.’s filing revealed that its Director EGNOTOVICH CYNTHIA M acquired Company’s shares for reported $0.15 million on Jun 06 ’24. In the deal valued at $15.14 per share,10,000 shares were bought. As a result of this transaction, EGNOTOVICH CYNTHIA M now holds 32,561 shares worth roughly $0.49 million.

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Then, Keating Neal J bought 10,000 shares, generating $141,275 in total proceeds. Upon buying the shares at $14.13, the Director now owns 68,987 shares.

Before that, Keating Neal J bought 7,200 shares. Triumph Group Inc. shares valued at $104,616 were divested by the Director at a price of $14.53 per share. As a result of the transaction, Keating Neal J now holds 58,987 shares, worth roughly $0.89 million.

TD Cowen downgraded its Triumph Group Inc. [TGI] rating to a Hold from a a Buy in a research note published on May 28, 2024; the price target was decreased to $14 from $19.50. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid April from “an Underweight” to “a Neutral”. Wolfe Research also remained covering TGI and has increased its forecast on March 28, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating.

Price Performance Review of TGI

On Friday, Triumph Group Inc. [NYSE:TGI] saw its stock fall -0.53% to $15.03. Over the last five days, the stock has gained 6.52%. Triumph Group Inc. shares have fallen nearly -9.35% since the year began. Nevertheless, the stocks have risen 25.77% 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 05/23/24. SMA at 50 days reached $14.08, while 200 days put it at $12.33. A total of 0.51 million shares were traded, compared to the trading of 0.95 million shares in the previous session.

Levels Of Support And Resistance For TGI Stock

The 24-hour chart illustrates a support level at 14.84, which if violated will result in even more drops to 14.65. On the upside, there is a resistance level at 15.19. A further resistance level may holdings at 15.36. The Relative Strength Index (RSI) on the 14-day chart is 58.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.49%. Stochastics %K at 88.98% indicates the stock is a selling.

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