TriNet Group Inc’s recent filing unveils that its EVP & CHIEF FINANCIAL OFFICER TUMINELLI KELLY L unloaded Company’s shares for reported $0.48 million on Aug 29 ’24. In the deal valued at $102.96 per share,4,683 shares were sold. As a result of this transaction, TUMINELLI KELLY L now holds 82,409 shares worth roughly $6.62 million.
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Then, TUMINELLI KELLY L bought 4,683 shares, generating $482,177 in total proceeds.
Before that, Warren Alexander G. bought 1,101 shares. TriNet Group Inc shares valued at $105,202 were divested by the Former Affiliate at a price of $95.55 per share.
A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early November with a ‘”a Neutral”‘ rating. TD Cowen also remained covering TNET and has increased its forecast on August 07, 2023 with a “an Outperform” recommendation from previously “Market perform” rating. Needham started covering the stock on May 12, 2023. It rated TNET as “a Buy”.
Price Performance Review of TNET
On Friday, TriNet Group Inc [NYSE:TNET] saw its stock fall -12.35% to $80.31. Over the last five days, the stock has lost -14.37%. TriNet Group Inc shares have fallen nearly -32.47% since the year began. Nevertheless, the stocks have fallen -26.27% over the past one year. While a 52-week high of $134.67 was reached on 04/04/24, a 52-week low of $89.93 was recorded on 10/25/24. SMA at 50 days reached $96.65, while 200 days put it at $108.87.
Levels Of Support And Resistance For TNET Stock
The 24-hour chart illustrates a support level at 75.46, which if violated will result in even more drops to 70.61. On the upside, there is a resistance level at 84.02. A further resistance level may holdings at 87.73. The Relative Strength Index (RSI) on the 14-day chart is 20.83, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.47%. Stochastics %K at 25.01% indicates the stock is a holding.
How much short interest is there in TriNet Group Inc?
A steep rise in short interest was recorded in TriNet Group Inc stocks on 2024-10-15, growing by 0.31 million shares to a total of 1.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.26 million shares. There was a rise of 19.73%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 08, 2022 when Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $83 price target.
