TPG RE Finance Trust Inc’s recently made public that its 10% Owner PE Holder, L.L.C. unloaded Company’s shares for reported $82.68 million on May 08 ’24. In the deal valued at $8.84 per share,9,352,941 shares were sold. As a result of this transaction, PE Holder, L.L.C. now holds 2,647,059 shares worth roughly $22.87 million.
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Then, STARWOOD CAPITAL GROUP GLOBAL sold 9,352,941 shares, generating $82,679,998 in total proceeds. Upon selling the shares at $8.84, the 10% Owner now owns 2,647,059 shares.
Raymond James downgraded its TPG RE Finance Trust Inc [TRTX] rating to an Outperform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early March from “a Neutral” to “an Underperform”.
Price Performance Review of TRTX
On Friday, TPG RE Finance Trust Inc [NYSE:TRTX] saw its stock jump 2.25% to $8.64. Over the last five days, the stock has gained 1.17%. TPG RE Finance Trust Inc shares have risen nearly 32.92% since the year began. Nevertheless, the stocks have risen 22.27% over the past one year. While a 52-week high of $8.96 was reached on 05/17/24, a 52-week low of $4.64 was recorded on 02/13/24. SMA at 50 days reached $8.38, while 200 days put it at $6.98. A total of 1.65 million shares were traded, compared to the trading of 0.56 million shares in the previous session.
Levels Of Support And Resistance For TRTX Stock
The 24-hour chart illustrates a support level at 8.48, which if violated will result in even more drops to 8.32. On the upside, there is a resistance level at 8.72. A further resistance level may holdings at 8.80. The Relative Strength Index (RSI) on the 14-day chart is 54.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.66%. Stochastics%K at 60.77% indicates the stock is a holding.
