TriNet Group Inc’s recently made public that its SVP, CHIEF REVENUE OFFICER Warren Alexander G. unloaded Company’s shares for reported $0.19 million on May 20 ’24. In the deal valued at $103.74 per share,1,867 shares were sold. As a result of this transaction, Warren Alexander G. now holds 32,661 shares worth roughly $3.25 million.
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Then, Chamberlain Paul Edward sold 375 shares, generating $37,882 in total proceeds. Upon selling the shares at $101.02, the Director now owns 36,341 shares.
Before that, Goldfield Burton M. sold 16,200 shares. TriNet Group Inc shares valued at $2,018,956 were divested by the Director at a price of $124.63 per share. As a result of the transaction, Goldfield Burton M. now holds 364,479 shares, worth roughly $36.32 million.
UBS initiated its TriNet Group Inc [TNET] rating to a Neutral in a research note published on November 07, 2023; the price target was $110. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early August from “a Market perform” to “an Outperform”. Needham began covering TNET with “Buy” recommendation on May 12, 2023. Cowen started covering the stock on September 08, 2022. It rated TNET as “a Market perform”.
Price Performance Review of TNET
On Tuesday, TriNet Group Inc [NYSE:TNET] saw its stock jump 0.57% to $99.66. Over the last five days, the stock has lost -2.45%. TriNet Group Inc shares have fallen nearly -16.20% since the year began. Nevertheless, the stocks have risen 4.94% over the past one year. While a 52-week high of $134.67 was reached on 04/04/24, a 52-week low of $90.55 was recorded on 07/02/24. SMA at 50 days reached $105.39, while 200 days put it at $115.48. A total of 0.31 million shares were traded, compared to the trading of 0.51 million shares in the previous session.
Levels Of Support And Resistance For TNET Stock
The 24-hour chart illustrates a support level at 99.20, which if violated will result in even more drops to 98.75. On the upside, there is a resistance level at 99.92. A further resistance level may holdings at 100.19. The Relative Strength Index (RSI) on the 14-day chart is 32.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.80%. Stochastics%K at 4.58% indicates the stock is a buying.
