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TPG Inc [TPG] Investment Appeal on the Rise

In a filing, TPG Inc revealed its Director BONDERMAN DAVID unloaded Company’s shares for reported $65.99 million on Feb 29 ’24. In the deal valued at $41.64 per share,1,584,746 shares were sold. As a result of this transaction, BONDERMAN DAVID now holds 0 shares worth roughly $0.0.

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Then, COULTER JAMES G sold 1,334,746 shares, generating $55,578,823 in total proceeds. Upon selling the shares at $41.64, the Executive Chairman now owns 0 shares.

Before that, WINKELRIED JON sold 1,000,000 shares. TPG Inc shares valued at $41,640,000 were divested by the Chief Executive Officer at a price of $41.64 per share. As a result of the transaction, WINKELRIED JON now holds 3,326,460 shares, worth roughly $131.43 million.

Morgan Stanley upgraded its TPG Inc [TPG] rating to an Overweight from a an Equal-weight in a research note published on May 10, 2024; the price target was increased to $52 from $43. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early January with a ‘”a Market perform”‘ rating.

Price Performance Review of TPG

On Friday, TPG Inc [NASDAQ:TPG] saw its stock fall -2.15% to $39.51. Over the last five days, the stock has lost -5.75%. TPG Inc shares have fallen nearly -8.48% since the year began. Nevertheless, the stocks have risen 39.41% over the past one year. While a 52-week high of $47.20 was reached on 03/21/24, a 52-week low of $26.03 was recorded on 01/17/24. SMA at 50 days reached $43.25, while 200 days put it at $38.25. A total of 0.92 million shares were traded, compared to the trading of 0.59 million shares in the previous session.

Levels Of Support And Resistance For TPG Stock

The 24-hour chart illustrates a support level at 39.19, which if violated will result in even more drops to 38.87. On the upside, there is a resistance level at 39.89. A further resistance level may holdings at 40.27. The Relative Strength Index (RSI) on the 14-day chart is 31.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.22%. Stochastics %K at 16.33% indicates the stock is a buying.

The most recent change occurred on May 19, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $32 price target.

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