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Trinity Capital Inc [TRIN] Records 200-Day SMA of $14.51

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trinity Capital Inc shares valued at $49,993 were purchased by Brown Kyle Steven on Mar 14 ’24. At $14.91 per share, Brown Kyle Steven acquired 3,354 shares. The insider’s holdings grew to 821,477 shares worth approximately $11.86 million following the completion of this transaction.

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Also, Brown Kyle Steven purchased 2,786 shares, netting a total of over 40,007 in proceeds. Following the buying of shares at $14.36 each, the insider now holds 830,708 shares.

Before that, Brown Kyle Steven had added 3,531 shares to its account. In a trade valued at $49,999, the President and CIO bought Trinity Capital Inc shares for $14.16 each. Upon closing the transaction, the insider’s holdings increased to 3,531 shares, worth approximately $0.75 million.

As published in a research note from Compass Point on August 22, 2023, Trinity Capital Inc [TRIN] has been rated up from a Neutral to a Buy and the price target has been revised to $15.50. Analysts at Keefe Bruyette upgraded the stock from ‘”an Underperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early August. As of July 05, 2023, Jefferies has initiated its “Buy” rating for TRIN. Earlier on March 13, 2023, Keefe Bruyette downgraded its rating. Their new recommendation was “an Underperform” for TRIN stock which previously was a “a Mkt perform”.

Analyzing TRIN Stock Performance

During the last five days, there has been a drop of approximately -1.37%. Over the course of the year, Trinity Capital Inc shares have dropped approximately -0.62%. Shares of the company reached a 52-week high of $15.26 on 04/29/24 and a 52-week low of $13.55 on 01/23/24. A 50-day SMA is recorded $14.81, while a 200-day SMA reached $14.51. Nevertheless, trading volume fell to 0.19 million shares from 0.66 million shares the previous day.

Support And Resistance Levels for Trinity Capital Inc (TRIN)

According to the 24-hour chart, there is a support level at 14.25, which, if violated, would cause prices to drop to 14.18. In the upper region, resistance lies at 14.39. The next price resistance is at 14.45. RSI (Relative Strength Index) is 43.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 68.56%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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