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A Guide To The Risks Of Investing In Trinity Capital Inc (TRIN)

Trinity Capital Inc’s filing revealed that its CEO, President and CIO Brown Kyle Steven acquired Company’s shares for reported $49542.0 on Aug 13 ’24. In the deal valued at $14.15 per share,3,500 shares were bought. As a result of this transaction, Brown Kyle Steven now holds 975,298 shares worth roughly $13.82 million.

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Then, Brown Kyle Steven bought 3,354 shares, generating $49,993 in total proceeds. Upon buying the shares at $14.91, the CEO, President and CIO now owns 821,477 shares.

Before that, Brown Kyle Steven bought 2,786 shares. Trinity Capital Inc shares valued at $40,007 were divested by the President and CIO at a price of $14.36 per share. As a result of the transaction, Brown Kyle Steven now holds 830,708 shares, worth roughly $11.77 million.

Compass Point upgraded its Trinity Capital Inc [TRIN] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in early August from “an Underperform” to “a Mkt perform”. Jefferies began covering TRIN with “Buy” recommendation on July 05, 2023. Keefe Bruyette revised its rating on March 13, 2023. It rated TRIN as “an Underperform” which previously was an “a Mkt perform”.

Price Performance Review of TRIN

On Tuesday, Trinity Capital Inc [NASDAQ:TRIN] saw its stock fall -1.12% to $14.17. Over the last five days, the stock has gained 0.64%. Trinity Capital Inc shares have fallen nearly -2.48% since the year began. Nevertheless, the stocks have fallen -1.19% over the past one year. While a 52-week high of $15.44 was reached on 04/29/24, a 52-week low of $13.21 was recorded on 08/05/24. SMA at 50 days reached $14.46, while 200 days put it at $14.55.

Levels Of Support And Resistance For TRIN Stock

The 24-hour chart illustrates a support level at 14.08, which if violated will result in even more drops to 13.99. On the upside, there is a resistance level at 14.31. A further resistance level may holdings at 14.45. The Relative Strength Index (RSI) on the 14-day chart is 46.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.00%. Stochastics%K at 69.33% indicates the stock is a holding.

How much short interest is there in Trinity Capital Inc?

A steep rise in short interest was recorded in Trinity Capital Inc stocks on , dropping by 97402.0 shares to a total of 1.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.46 million shares. There was a decline of -7.16%, which implies that there is a negative sentiment for the stock.

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