The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Trinity Capital Inc shares valued at $20,976 were purchased by Estes Ronald E. on Aug 26 ’24. At $13.98 per share, Estes Ronald E. acquired 1,500 shares. The insider’s holdings grew to 23,836 shares worth approximately $0.33 million following the completion of this transaction.
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Also, Estes Ronald E. purchased 597 shares, netting a total of over 8,418 in proceeds. Following the buying of shares at $14.10 each, the insider now holds 29,238 shares.
Before that, Brown Kyle Steven had added 3,500 shares to its account. In a trade valued at $49,542, the CEO, President and CIO bought Trinity Capital Inc shares for $14.15 each. Upon closing the transaction, the insider’s holdings increased to 3,500 shares, worth approximately $13.42 million.
As published in a research note from Compass Point on August 22, 2023, Trinity Capital Inc [TRIN] has been rated up from a Neutral to a Buy and the price target has been revised to $15.50. Analysts at Keefe Bruyette upgraded the stock from ‘”an Underperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early August. As of July 05, 2023, Jefferies has initiated its “Buy” rating for TRIN. Earlier on March 13, 2023, Keefe Bruyette downgraded its rating. Their new recommendation was “an Underperform” for TRIN stock which previously was a “a Mkt perform”.
Analyzing TRIN Stock Performance
During the last five days, there has been a drop of approximately -0.72%. Over the course of the year, Trinity Capital Inc shares have dropped approximately -5.30%. Nevertheless, trading volume fell to 0.51 million shares from 0.79 million shares the previous day.
Support And Resistance Levels for Trinity Capital Inc (TRIN)
RSI (Relative Strength Index) is 45.38 on the 14-day chart, showing neutral technical sentiment.
