Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Triumph Group Inc. shares valued at $151,351 were purchased by EGNOTOVICH CYNTHIA M on Jun 06 ’24. At $15.14 per share, EGNOTOVICH CYNTHIA M acquired 10,000 shares. The insider’s holdings grew to 32,561 shares worth approximately $0.48 million following the completion of this transaction.
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Also, Keating Neal J purchased 10,000 shares, netting a total of over 141,275 in proceeds. Following the buying of shares at $14.13 each, the insider now holds 68,987 shares.
Before that, Keating Neal J had added 7,200 shares to its account. In a trade valued at $104,616, the Director bought Triumph Group Inc. shares for $14.53 each. Upon closing the transaction, the insider’s holdings increased to 7,200 shares, worth approximately $0.87 million.
As published in a research note from JP Morgan on October 14, 2024, Triumph Group Inc. [TGI] has been rated down from a Neutral to an Underweight and the price target has been revised to $12 from $15. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”an Underperform”‘ outlook in a report released in late September. As of August 21, 2024, Truist has decreased its “Buy” rating to a “Hold” for TGI. Earlier on August 13, 2024, Goldman downgraded its rating. Their new recommendation was “a Neutral” for TGI stock which previously was a “a Buy”.
Analyzing TGI Stock Performance
During the last five days, there has been a drop of approximately -4.60%. Over the course of the year, Triumph Group Inc. shares have dropped approximately -11.28%. Nevertheless, trading volume fell to 0.71 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for Triumph Group Inc. (TGI)
RSI (Relative Strength Index) is 57.74 on the 14-day chart, showing neutral technical sentiment.
