The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Terreno Realty Corp shares valued at $513,975 were sold by COKE MICHAEL A on Aug 09 ’24. At $68.53 per share, COKE MICHAEL A sold 7,500 shares. The insider’s holdings dropped to 402,164 shares worth approximately $27.75 million following the completion of this transaction.
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Also, Meyer John Tull sold 6,145 shares, netting a total of over 421,793 in proceeds. Following the sale of shares at $68.64 each, the insider now holds 110,988 shares.
Before that, Cannon Jaime Jackson had sold 4,998 shares from its account. In a trade valued at $341,813, the CFO traded Terreno Realty Corp shares for $68.39 each. Upon closing the transaction, the insider’s holdings decreased to 4,998 shares, worth approximately $7.03 million.
As published in their initiating research note from Exane BNP Paribas on June 04, 2024, Terreno Realty Corp [TRNO] has been an Outperform and the price target has been revised to $68. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in late March. As of December 07, 2023, Wells Fargo has initiated its “an Overweight” rating for TRNO. Earlier on October 03, 2023, Wedbush initiated its rating. Their recommendation was “a Neutral” for TRNO stock.
Analyzing TRNO Stock Performance
During the last five days, there has been a surge of approximately 1.85%. Over the course of the year, Terreno Realty Corp shares have jumped approximately 10.10%. Shares of the company reached a 52-week high of $69.74 on 08/01/24 and a 52-week low of $53.78 on 05/06/24. A 50-day SMA is recorded $64.33, while a 200-day SMA reached $60.94. Nevertheless, trading volume fell to 0.51 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for Terreno Realty Corp (TRNO)
According to the 24-hour chart, there is a support level at 68.59, which, if violated, would cause prices to drop to 68.18. In the upper region, resistance lies at 69.36. The next price resistance is at 69.73. RSI (Relative Strength Index) is 62.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.03, which suggests the price will increase in the coming days. Percent R is at 6.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
