Trinity Industries, Inc.’s recent filing unveils that its EVP & CFO Marchetto Eric R unloaded Company’s shares for reported $0.26 million on May 02 ’24. In the deal valued at $30.00 per share,8,816 shares were sold. As a result of this transaction, Marchetto Eric R now holds 224,888 shares worth roughly $7.7 million.
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Then, Marchetto Eric R sold 9,781 shares, generating $273,868 in total proceeds. Upon selling the shares at $28.00, the EVP & CFO now owns 233,704 shares.
Before that, Poet Kevin sold 6,000 shares. Trinity Industries, Inc. shares valued at $152,700 were divested by the EVP Operations & Support Svcs at a price of $25.45 per share. As a result of the transaction, Poet Kevin now holds 30,718 shares, worth roughly $1.05 million.
TD Cowen reiterated its Trinity Industries, Inc. [TRN] rating to a Buy in a research note published on May 02, 2024; the price target was $33. A number of analysts have revised their coverage, including Susquehanna’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Positive”. Susquehanna also remained covering TRN and has decreased its forecast on November 07, 2022 with a “Neutral” recommendation from previously “Positive” rating. Susquehanna revised its rating on July 26, 2021. It rated TRN as “a Positive” which previously was an “a Neutral”.
Price Performance Review of TRN
On Tuesday, Trinity Industries, Inc. [NYSE:TRN] saw its stock jump 0.20% to $34.23. Over the last five days, the stock has gained 0.71%. Trinity Industries, Inc. shares have risen nearly 28.73% since the year began. Nevertheless, the stocks have risen 58.47% over the past one year. While a 52-week high of $37.04 was reached on 08/01/24, a 52-week low of $20.04 was recorded on 01/18/24. SMA at 50 days reached $32.90, while 200 days put it at $29.13.
Levels Of Support And Resistance For TRN Stock
The 24-hour chart illustrates a support level at 33.89, which if violated will result in even more drops to 33.56. On the upside, there is a resistance level at 34.41. A further resistance level may holdings at 34.60. The Relative Strength Index (RSI) on the 14-day chart is 58.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.58%. Stochastics %K at 63.28% indicates the stock is a holding.
How much short interest is there in Trinity Industries, Inc.?
A steep rise in short interest was recorded in Trinity Industries, Inc. stocks on 2024-09-13, growing by 54149.0 shares to a total of 2.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.99 million shares. There was a rise of 2.65%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 10, 2021 when Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $34.
