TruBridge Inc.’s recent filing unveils that its 10% Owner Pinetree Capital Ltd. acquired Company’s shares for reported $0.14 million on Jun 05 ’24. In the deal valued at $9.72 per share,14,084 shares were bought. As a result of this transaction, Pinetree Capital Ltd. now holds 584,357 shares worth roughly $5.99 million.
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Then, Pinetree Capital Ltd. bought 55,916 shares, generating $526,225 in total proceeds. Upon buying the shares at $9.41, the 10% Owner now owns 570,273 shares.
Before that, Pinetree Capital Ltd. bought 2,568 shares. TruBridge Inc. shares valued at $24,250 were divested by the 10% Owner at a price of $9.44 per share. As a result of the transaction, Pinetree Capital Ltd. now holds 514,357 shares, worth roughly $5.27 million.
RBC Capital Mkts initiated its TruBridge Inc. [TBRG] rating to an Outperform in a research note published on March 28, 2024; the price target was $13. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early January with a ‘”an Equal weight”‘ rating. Cantor Fitzgerald began covering TBRG with “an Overweight” recommendation on August 15, 2023. Stephens started covering the stock on April 12, 2023. It rated TBRG as “an Equal-weight”.
Price Performance Review of TBRG
On Tuesday, TruBridge Inc. [NASDAQ:TBRG] saw its stock jump 1.28% to $10.25. Over the last five days, the stock has lost -3.76%. TruBridge Inc. shares have fallen nearly -8.48% since the year began. Nevertheless, the stocks have fallen -58.69% over the past one year. While a 52-week high of $26.73 was reached on 01/02/24, a 52-week low of $7.55 was recorded on 03/06/24. SMA at 50 days reached $9.00, while 200 days put it at $10.98. A total of 72442.0 shares were traded, compared to the trading of 99100.0 shares in the previous session.
Levels Of Support And Resistance For TBRG Stock
The 24-hour chart illustrates a support level at 10.07, which if violated will result in even more drops to 9.90. On the upside, there is a resistance level at 10.41. A further resistance level may holdings at 10.58. The Relative Strength Index (RSI) on the 14-day chart is 60.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.26%. Stochastics %K at 62.90% indicates the stock is a holding.
