TruBridge Inc.’s recently made public that its 10% Owner Pinetree Capital Ltd. acquired Company’s shares for reported $0.67 million on Jun 28 ’24. In the deal valued at $9.99 per share,67,488 shares were bought. As a result of this transaction, Pinetree Capital Ltd. now holds 1,569,545 shares worth roughly $19.57 million.
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Then, Pinetree Capital Ltd. bought 55,000 shares, generating $578,050 in total proceeds. Upon buying the shares at $10.51, the 10% Owner now owns 1,624,545 shares.
Before that, Pinetree Capital Ltd. bought 55,916 shares. TruBridge Inc. shares valued at $526,225 were divested by the 10% Owner at a price of $9.41 per share. As a result of the transaction, Pinetree Capital Ltd. now holds 570,273 shares, worth roughly $7.11 million.
RBC Capital Mkts initiated its TruBridge Inc. [TBRG] rating to an Outperform in a research note published on March 28, 2024; the price target was $13. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early January with a ‘”an Equal weight”‘ rating. Cantor Fitzgerald began covering TBRG with “an Overweight” recommendation on August 15, 2023. Stephens started covering the stock on April 12, 2023. It rated TBRG as “an Equal-weight”.
Price Performance Review of TBRG
On Friday, TruBridge Inc. [NASDAQ:TBRG] saw its stock jump 2.21% to $12.47. Over the last five days, the stock has gained 2.13%. TruBridge Inc. shares have risen nearly 11.34% since the year began. Nevertheless, the stocks have fallen -27.88% over the past one year. While a 52-week high of $17.90 was reached on 08/12/24, a 52-week low of $7.55 was recorded on 03/06/24. SMA at 50 days reached $11.25, while 200 days put it at $10.08.
Levels Of Support And Resistance For TBRG Stock
The 24-hour chart illustrates a support level at 12.21, which if violated will result in even more drops to 11.94. On the upside, there is a resistance level at 12.62. A further resistance level may holdings at 12.76. The Relative Strength Index (RSI) on the 14-day chart is 58.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.41%. Stochastics %K at 46.82% indicates the stock is a holding.
How much short interest is there in TruBridge Inc.?
A steep rise in short interest was recorded in TruBridge Inc. stocks on 2024-08-15, dropping by -0.12 million shares to a total of 0.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.5 million shares. There was a decline of -31.46%, which implies that there is a negative sentiment for the stock.
