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Potential Price Increase for Terreno Realty Corp (TRNO) After Recent Insider Activity

Terreno Realty Corp’s filing revealed that its PRESIDENT COKE MICHAEL A unloaded Company’s shares for reported $0.51 million on Aug 09 ’24. In the deal valued at $68.53 per share,7,500 shares were sold. As a result of this transaction, COKE MICHAEL A now holds 402,164 shares worth roughly $25.46 million.

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Then, Meyer John Tull sold 6,145 shares, generating $421,793 in total proceeds. Upon selling the shares at $68.64, the EVP now owns 110,988 shares.

Before that, Cannon Jaime Jackson sold 4,998 shares. Terreno Realty Corp shares valued at $341,813 were divested by the CFO at a price of $68.39 per share. As a result of the transaction, Cannon Jaime Jackson now holds 101,927 shares, worth roughly $6.45 million.

Mizuho downgraded its Terreno Realty Corp [TRNO] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late August from “an Overweight” to “an Equal weight”. Exane BNP Paribas began covering TRNO with “an Outperform” recommendation on June 04, 2024. Barclays started covering the stock on March 27, 2024. It rated TRNO as “an Overweight”.

Price Performance Review of TRNO

On Friday, Terreno Realty Corp [NYSE:TRNO] saw its stock jump 1.15% to $63.30. Over the last five days, the stock has lost -3.73%. Terreno Realty Corp shares have risen nearly 1.01% since the year began. Nevertheless, the stocks have risen 10.03% over the past one year. While a 52-week high of $71.63 was reached on 08/26/24, a 52-week low of $50.42 was recorded on 05/06/24. SMA at 50 days reached $67.59, while 200 days put it at $62.60.

Levels Of Support And Resistance For TRNO Stock

The 24-hour chart illustrates a support level at 62.55, which if violated will result in even more drops to 61.80. On the upside, there is a resistance level at 63.81. A further resistance level may holdings at 64.31. The Relative Strength Index (RSI) on the 14-day chart is 33.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.31%. Stochastics %K at 11.47% indicates the stock is a buying.

How much short interest is there in Terreno Realty Corp?

A steep rise in short interest was recorded in Terreno Realty Corp stocks on 2024-09-30, growing by 0.7 million shares to a total of 3.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.85 million shares. There was a rise of 19.74%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on December 07, 2023 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $71 price target.

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