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TPG Inc (TPG) receives an Overweight rating from Morgan Stanley

In a filing, TPG Inc revealed its Director MESSEMER DEBORAH M. unloaded Company’s shares for reported $0.19 million on Jul 17 ’24. In the deal valued at $46.55 per share,4,089 shares were sold. As a result of this transaction, MESSEMER DEBORAH M. now holds 17,536 shares worth roughly $0.79 million.

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Then, BONDERMAN DAVID sold 1,584,746 shares, generating $65,988,823 in total proceeds. Upon selling the shares at $41.64, the Director now owns 0 shares.

Before that, COULTER JAMES G sold 1,334,746 shares. TPG Inc shares valued at $55,578,823 were divested by the Executive Chairman at a price of $41.64 per share. As a result of the transaction, COULTER JAMES G now holds 0 shares, worth roughly $0.0.

Morgan Stanley upgraded its TPG Inc [TPG] rating to an Overweight from a an Equal-weight in a research note published on May 10, 2024; the price target was increased to $52 from $43. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early January with a ‘”a Market perform”‘ rating.

Price Performance Review of TPG

On Friday, TPG Inc [NASDAQ:TPG] saw its stock fall -8.47% to $45.08. Over the last five days, the stock has lost -8.84%. TPG Inc shares have risen nearly 4.42% since the year began. Nevertheless, the stocks have risen 54.97% over the past one year. While a 52-week high of $51.62 was reached on 07/31/24, a 52-week low of $26.03 was recorded on 01/17/24. SMA at 50 days reached $43.51, while 200 days put it at $41.01. A total of 1.22 million shares were traded, compared to the trading of 0.98 million shares in the previous session.

Levels Of Support And Resistance For TPG Stock

The 24-hour chart illustrates a support level at 43.28, which if violated will result in even more drops to 41.48. On the upside, there is a resistance level at 47.63. A further resistance level may holdings at 50.18. The Relative Strength Index (RSI) on the 14-day chart is 46.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.11%. Stochastics%K at 58.49% indicates the stock is a holding.

The most recent change occurred on May 19, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $32 price target.

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