Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TPG RE Finance Trust Inc shares valued at $82,679,998 were sold by STARWOOD CAPITAL GROUP GLOBAL on May 08 ’24. At $8.84 per share, STARWOOD CAPITAL GROUP GLOBAL sold 9,352,941 shares. The insider’s holdings dropped to 2,647,059 shares worth approximately $23.45 million following the completion of this transaction.
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Also, PE Holder, L.L.C. sold 9,352,941 shares, netting a total of over 82,679,998 in proceeds. Following the sale of shares at $8.84 each, the insider now holds 2,647,059 shares.
Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in mid April. As of March 04, 2024, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for TRTX.
Analyzing TRTX Stock Performance
During the last five days, there has been a surge of approximately 1.26%. Over the course of the year, TPG RE Finance Trust Inc shares have jumped approximately 36.31%. Shares of the company reached a 52-week high of $9.66 on 07/23/24 and a 52-week low of $5.12 on 02/13/24. A 50-day SMA is recorded $8.82, while a 200-day SMA reached $7.72. Nevertheless, trading volume fell to 0.86 million shares from 0.74 million shares the previous day.
Support And Resistance Levels for TPG RE Finance Trust Inc (TRTX)
According to the 24-hour chart, there is a support level at 8.75, which, if violated, would cause prices to drop to 8.64. In the upper region, resistance lies at 8.98. The next price resistance is at 9.10. RSI (Relative Strength Index) is 52.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 47.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
