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An Analysis of Trimble Inc (TRMB)’s Potential Price Growth

In a filing, Trimble Inc revealed its Senior VP, CES SCHWARTZ MARK DAVID unloaded Company’s shares for reported $0.14 million on Apr 16 ’24. In the deal valued at $59.10 per share,2,322 shares were sold. As a result of this transaction, SCHWARTZ MARK DAVID now holds 10,265 shares worth roughly $0.57 million.

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Then, Large Peter sold 1,447 shares, generating $85,518 in total proceeds. Upon selling the shares at $59.10, the Senior Vice President now owns 8,220 shares.

Before that, SCHWARTZ MARK DAVID sold 235 shares. Trimble Inc shares valued at $14,368 were divested by the Senior VP, CES at a price of $61.14 per share. As a result of the transaction, SCHWARTZ MARK DAVID now holds 12,587 shares, worth roughly $0.7 million.

Piper Sandler upgraded its Trimble Inc [TRMB] rating to an Overweight from a a Neutral in a research note published on February 13, 2024; the price target was increased to $68 from $51. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late September from “a Mkt perform” to “an Outperform”. Edward Jones also remained covering TRMB and has increased its forecast on April 05, 2023 with a “Buy” recommendation from previously “Hold” rating. Northcoast revised its rating on March 07, 2023. It rated TRMB as “a Sell” which previously was an “a Neutral”.

Price Performance Review of TRMB

On Tuesday, Trimble Inc [NASDAQ:TRMB] saw its stock fall -1.88% to $55.23. Over the last five days, the stock has lost -0.83%. Trimble Inc shares have risen nearly 3.82% since the year began. Nevertheless, the stocks have risen 6.07% over the past one year. While a 52-week high of $65.55 was reached on 03/21/24, a 52-week low of $39.57 was recorded on 01/18/24. SMA at 50 days reached $56.41, while 200 days put it at $54.03. A total of 0.75 million shares were traded, compared to the trading of 0.74 million shares in the previous session.

Levels Of Support And Resistance For TRMB Stock

The 24-hour chart illustrates a support level at 54.87, which if violated will result in even more drops to 54.52. On the upside, there is a resistance level at 55.89. A further resistance level may holdings at 56.56. The Relative Strength Index (RSI) on the 14-day chart is 44.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.77%. Stochastics%K at 58.38% indicates the stock is a holding.

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