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Checking in on Terreno Realty Corp (TRNO) after recent insiders movement

Terreno Realty Corp’s recent filing unveils that its Officer COKE MICHAEL A acquired Company’s shares for reported $0.51 million on Aug 09 ’24. In the deal valued at $67.94 per share,7,500 shares were bought.

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Then, John T. Meyer bought 6,145 shares, generating $421,916 in total proceeds.

Before that, Jaime Cannon bought 4,998 shares. Terreno Realty Corp shares valued at $343,163 were divested by the CFO at a price of $68.66 per share.

Exane BNP Paribas initiated its Terreno Realty Corp [TRNO] rating to an Outperform in a research note published on June 04, 2024; the price target was $68. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late March with a ‘”an Overweight”‘ rating. Wells Fargo began covering TRNO with “an Overweight” recommendation on December 07, 2023. Wedbush started covering the stock on October 03, 2023. It rated TRNO as “a Neutral”.

Price Performance Review of TRNO

On Tuesday, Terreno Realty Corp [NYSE:TRNO] saw its stock jump 1.07% to $67.96. Over the last five days, the stock has gained 2.91%. Terreno Realty Corp shares have risen nearly 8.44% since the year began. Nevertheless, the stocks have risen 13.47% over the past one year. While a 52-week high of $69.74 was reached on 08/01/24, a 52-week low of $50.42 was recorded on 05/06/24. SMA at 50 days reached $62.68, while 200 days put it at $60.42.

Levels Of Support And Resistance For TRNO Stock

The 24-hour chart illustrates a support level at 67.27, which if violated will result in even more drops to 66.57. On the upside, there is a resistance level at 68.49. A further resistance level may holdings at 69.01. The Relative Strength Index (RSI) on the 14-day chart is 58.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.43%. Stochastics%K at 61.25% indicates the stock is a holding.

How much short interest is there in Terreno Realty Corp?

A steep rise in short interest was recorded in Terreno Realty Corp stocks on , dropping by -0.23 million shares to a total of 3.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.0 million shares. There was a decline of -6.1%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on July 19, 2023 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $63 price target.

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