Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Trane Technologies plc shares valued at $508,103 were purchased by SULTANA KEITH A on Aug 01 ’24. At $332.09 per share, SULTANA KEITH A acquired 1,530 shares.
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Also, Pittard Raymond D sold 1,805 shares, netting a total of over 593,221 in proceeds. Following the sale of shares at $328.65 each, the insider now holds 83,517 shares.
Before that, Pittard Raymond D had added 1,805 shares to its account. In a trade valued at $593,935, the Officer bought Trane Technologies plc shares for $329.05 each.
As published in their initiating research note from Morgan Stanley on September 06, 2024, Trane Technologies plc [TT] has been an Overweight and the price target has been revised to $425. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in early October. As of October 05, 2023, BofA Securities has increased its “an Underperform” rating to a “Neutral” for TT. Earlier on September 15, 2023, HSBC Securities initiated its rating. Their recommendation was “a Buy” for TT stock.
Analyzing TT Stock Performance
During the last five days, there has been a drop of approximately -1.89%. Over the course of the year, Trane Technologies plc shares have jumped approximately 60.96%. Shares of the company reached a 52-week high of $406.96 on 10/15/24 and a 52-week low of $233.76 on 01/03/24. A 50-day SMA is recorded $373.39, while a 200-day SMA reached $322.30. Nevertheless, trading volume fell to 0.85 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for Trane Technologies plc (TT)
According to the 24-hour chart, there is a support level at 388.71, which, if violated, would cause prices to drop to 384.84. In the upper region, resistance lies at 395.61. The next price resistance is at 398.65. RSI (Relative Strength Index) is 53.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.73, which suggests the price will decrease in the coming days. Percent R is at 65.68%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.