Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TPG RE Finance Trust Inc shares valued at $82,679,998 were sold by PE Holder, L.L.C. on May 08 ’24. At $8.84 per share, PE Holder, L.L.C. sold 9,352,941 shares. The insider’s holdings dropped to 2,647,059 shares worth approximately $22.76 million following the completion of this transaction.
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Also, STARWOOD CAPITAL GROUP GLOBAL sold 9,352,941 shares, netting a total of over 82,679,998 in proceeds. Following the sale of shares at $8.84 each, the insider now holds 2,647,059 shares.
As published in a research note from Raymond James on April 12, 2024, TPG RE Finance Trust Inc [TRTX] has been rated down from a Strong buy to an Outperform and the price target has been revised to $8.50. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early March.
Analyzing TRTX Stock Performance
During the last five days, there has been a drop of approximately -0.35%. Over the course of the year, TPG RE Finance Trust Inc shares have jumped approximately 32.31%. Shares of the company reached a 52-week high of $8.96 on 05/17/24 and a 52-week low of $5.12 on 02/13/24. A 50-day SMA is recorded $8.33, while a 200-day SMA reached $6.97. Nevertheless, trading volume fell to 0.51 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for TPG RE Finance Trust Inc (TRTX)
According to the 24-hour chart, there is a support level at 8.53, which, if violated, would cause prices to drop to 8.47. In the upper region, resistance lies at 8.69. The next price resistance is at 8.79. RSI (Relative Strength Index) is 53.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 32.74%, indicating low price movement. Stochastics%K at selling indicates that the stock is to be held.
