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JP Morgan upgrades Trane Technologies plc (TT) rating to a Neutral

Trane Technologies plc’s recent filing unveils that its Officer Pittard Raymond D acquired Company’s shares for reported $0.59 million on Aug 07 ’24. In the deal valued at $329.05 per share,1,805 shares were bought.

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Then, Pittard Raymond D sold 1,805 shares, generating $593,221 in total proceeds. Upon selling the shares at $328.65, the Executive Vice President now owns 83,517 shares.

Before that, Regnery David S bought 29,450 shares. Trane Technologies plc shares valued at $9,295,892 were divested by the Officer at a price of $315.65 per share.

JP Morgan upgraded its Trane Technologies plc [TT] rating to a Neutral from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early October from “an Underperform” to “a Neutral”. HSBC Securities began covering TT with “Buy” recommendation on September 15, 2023. Oppenheimer started covering the stock on March 28, 2023. It rated TT as “a Perform”.

Price Performance Review of TT

On Monday, Trane Technologies plc [NYSE:TT] saw its stock jump 0.06% to $332.89. Over the last five days, the stock has gained 5.95%. Trane Technologies plc shares have risen nearly 36.49% since the year began. Nevertheless, the stocks have risen 64.69% over the past one year. While a 52-week high of $351.41 was reached on 07/31/24, a 52-week low of $184.02 was recorded on 01/03/24. SMA at 50 days reached $330.96, while 200 days put it at $284.66.

Levels Of Support And Resistance For TT Stock

The 24-hour chart illustrates a support level at 328.67, which if violated will result in even more drops to 324.44. On the upside, there is a resistance level at 335.75. A further resistance level may holdings at 338.60. The Relative Strength Index (RSI) on the 14-day chart is 52.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.44%. Stochastics%K at 54.48% indicates the stock is a holding.

How much short interest is there in Trane Technologies plc?

A steep rise in short interest was recorded in Trane Technologies plc stocks on , dropping by -0.86 million shares to a total of 1.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.74 million shares. There was a decline of -46.11%, which implies that there is a negative sentiment for the stock.

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