Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trinity Industries, Inc. shares valued at $264,480 were sold by Marchetto Eric R on May 02 ’24. At $30.00 per share, Marchetto Eric R sold 8,816 shares. The insider’s holdings dropped to 224,888 shares worth approximately $7.24 million following the completion of this transaction.
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Also, Marchetto Eric R sold 9,781 shares, netting a total of over 273,868 in proceeds. Following the sale of shares at $28.00 each, the insider now holds 233,704 shares.
Before that, Poet Kevin had sold 6,000 shares from its account. In a trade valued at $152,700, the EVP Operations & Support Svcs traded Trinity Industries, Inc. shares for $25.45 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $0.99 million.
As published in a research note from TD Cowen on May 02, 2024, Trinity Industries, Inc. [TRN] has been retained to a Buy and the price target has been revised to $33. Analysts at Susquehanna upgraded the stock from ‘”a Neutral”‘ to ‘”a Positive”‘ outlook in a report released in mid October. As of November 07, 2022, Susquehanna has decreased its “Positive” rating to a “Neutral” for TRN. Earlier on July 26, 2021, Susquehanna upgraded its rating. Their new recommendation was “a Positive” for TRN stock which previously was a “a Neutral”.
Analyzing TRN Stock Performance
During the last five days, there has been a drop of approximately -1.95%. Over the course of the year, Trinity Industries, Inc. shares have jumped approximately 21.10%. Shares of the company reached a 52-week high of $37.04 on 08/01/24 and a 52-week low of $23.40 on 01/18/24. A 50-day SMA is recorded $30.99, while a 200-day SMA reached $27.65. Nevertheless, trading volume fell to 0.62 million shares from 0.29 million shares the previous day.
Support And Resistance Levels for Trinity Industries, Inc. (TRN)
According to the 24-hour chart, there is a support level at 31.94, which, if violated, would cause prices to drop to 31.69. In the upper region, resistance lies at 32.65. The next price resistance is at 33.11. RSI (Relative Strength Index) is 50.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.94, which suggests the price will decrease in the coming days. Percent R is at 87.84%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
