Trinity Capital Inc’s filing revealed that its Director Estes Ronald E. acquired Company’s shares for reported $20976.0 on Aug 26 ’24. In the deal valued at $13.98 per share,1,500 shares were bought. As a result of this transaction, Estes Ronald E. now holds 23,836 shares worth roughly $0.33 million.
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Then, Estes Ronald E. bought 597 shares, generating $8,418 in total proceeds. Upon buying the shares at $14.10, the Director now owns 29,238 shares.
Before that, Brown Kyle Steven bought 3,500 shares. Trinity Capital Inc shares valued at $49,542 were divested by the CEO, President and CIO at a price of $14.15 per share. As a result of the transaction, Brown Kyle Steven now holds 975,298 shares, worth roughly $13.56 million.
Compass Point upgraded its Trinity Capital Inc [TRIN] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in early August from “an Underperform” to “a Mkt perform”. Jefferies began covering TRIN with “Buy” recommendation on July 05, 2023. Keefe Bruyette revised its rating on March 13, 2023. It rated TRIN as “an Underperform” which previously was an “a Mkt perform”.
Price Performance Review of TRIN
On Tuesday, Trinity Capital Inc [NASDAQ:TRIN] saw its stock jump 1.39% to $13.90. Over the last five days, the stock has gained 4.04%. Trinity Capital Inc shares have fallen nearly -4.34% since the year began. Nevertheless, the stocks have risen 2.21% over the past one year. While a 52-week high of $15.44 was reached on 04/29/24, a 52-week low of $13.21 was recorded on 08/05/24. SMA at 50 days reached $14.05, while 200 days put it at $14.43.
Levels Of Support And Resistance For TRIN Stock
The 24-hour chart illustrates a support level at 13.71, which if violated will result in even more drops to 13.52. On the upside, there is a resistance level at 14.01. A further resistance level may holdings at 14.12. The Relative Strength Index (RSI) on the 14-day chart is 49.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.05%. Stochastics %K at 53.49% indicates the stock is a holding.
How much short interest is there in Trinity Capital Inc?
A steep rise in short interest was recorded in Trinity Capital Inc stocks on 2024-09-13, dropping by -0.14 million shares to a total of 1.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.47 million shares. There was a decline of -10.73%, which implies that there is a negative sentiment for the stock.
