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Potential Price Increase for TriNet Group Inc (TNET) After Recent Insider Activity

In a filing, TriNet Group Inc revealed its Director Chamberlain Paul Edward unloaded Company’s shares for reported $39938.0 on Jul 31 ’24. In the deal valued at $106.50 per share,375 shares were sold. As a result of this transaction, Chamberlain Paul Edward now holds 37,966 shares worth roughly $3.54 million.

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Then, WELLINGTON SAMANTHA bought 7,064 shares, generating $745,351 in total proceeds.

Before that, WELLINGTON SAMANTHA sold 7,064 shares. TriNet Group Inc shares valued at $745,351 were divested by the EVP, CLO and SECRETARY at a price of $105.51 per share. As a result of the transaction, WELLINGTON SAMANTHA now holds 66,499 shares, worth roughly $6.2 million.

UBS initiated its TriNet Group Inc [TNET] rating to a Neutral in a research note published on November 07, 2023; the price target was $110. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early August from “a Market perform” to “an Outperform”. Needham began covering TNET with “Buy” recommendation on May 12, 2023. Cowen started covering the stock on September 08, 2022. It rated TNET as “a Market perform”.

Price Performance Review of TNET

On Tuesday, TriNet Group Inc [NYSE:TNET] saw its stock jump 0.80% to $93.30. Over the last five days, the stock has lost -2.00%. TriNet Group Inc shares have fallen nearly -21.55% since the year began. Nevertheless, the stocks have fallen -11.93% over the past one year. While a 52-week high of $134.67 was reached on 04/04/24, a 52-week low of $91.92 was recorded on 08/13/24. SMA at 50 days reached $102.38, while 200 days put it at $113.37.

Levels Of Support And Resistance For TNET Stock

The 24-hour chart illustrates a support level at 92.10, which if violated will result in even more drops to 90.90. On the upside, there is a resistance level at 93.99. A further resistance level may holdings at 94.68. The Relative Strength Index (RSI) on the 14-day chart is 33.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.07%. Stochastics%K at 5.39% indicates the stock is a buying.

How much short interest is there in TriNet Group Inc?

A steep rise in short interest was recorded in TriNet Group Inc stocks on , dropping by -0.11 million shares to a total of 1.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.32 million shares. There was a decline of -9.07%, which implies that there is a negative sentiment for the stock.

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