Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Triumph Financial Inc shares valued at $222,210 were sold by Ritterbusch Todd on May 13 ’24. At $74.07 per share, Ritterbusch Todd sold 3,000 shares. The insider’s holdings dropped to 7,434 shares worth approximately $0.58 million following the completion of this transaction.
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Also, Ritterbusch Todd sold 7,854 shares, netting a total of over 579,939 in proceeds. Following the sale of shares at $73.84 each, the insider now holds 10,434 shares.
Before that, Forman-Barenblit Melissa had sold 2,780 shares from its account. In a trade valued at $204,997, the EVP, Pres-TriumphPay-TBK Bank traded Triumph Financial Inc shares for $73.74 each. Upon closing the transaction, the insider’s holdings decreased to 2,780 shares, worth approximately $0.76 million.
As published in a research note from Piper Sandler on February 12, 2024, Triumph Financial Inc [TFIN] has been rated down from a Neutral to an Underweight and the price target has been revised to $67 from $64. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid November.
Analyzing TFIN Stock Performance
During the last five days, there has been a surge of approximately 2.84%. Over the course of the year, Triumph Financial Inc shares have dropped approximately -2.83%. Shares of the company reached a 52-week high of $82.30 on 07/01/24 and a 52-week low of $66.85 on 04/18/24. A 50-day SMA is recorded $74.68, while a 200-day SMA reached $72.28. Nevertheless, trading volume fell to 71167.0 shares from 0.21 million shares the previous day.
Support And Resistance Levels for Triumph Financial Inc (TFIN)
According to the 24-hour chart, there is a support level at 79.04, which, if violated, would cause prices to drop to 78.46. In the upper region, resistance lies at 80.44. The next price resistance is at 81.26. RSI (Relative Strength Index) is 53.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.90, which suggests the price will increase in the coming days. Percent R is at 21.65%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
