Triumph Group Inc.’s recent filing unveils that its Director EGNOTOVICH CYNTHIA M acquired Company’s shares for reported $0.15 million on Jun 06 ’24. In the deal valued at $15.14 per share,10,000 shares were bought. As a result of this transaction, EGNOTOVICH CYNTHIA M now holds 32,561 shares worth roughly $0.48 million.
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Then, Keating Neal J bought 10,000 shares, generating $141,275 in total proceeds. Upon buying the shares at $14.13, the Director now owns 68,987 shares.
Before that, Keating Neal J bought 7,200 shares. Triumph Group Inc. shares valued at $104,616 were divested by the Director at a price of $14.53 per share. As a result of the transaction, Keating Neal J now holds 58,987 shares, worth roughly $0.86 million.
JP Morgan downgraded its Triumph Group Inc. [TGI] rating to an Underweight from a a Neutral in a research note published on October 14, 2024; the price target was decreased to $12 from $15. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “an Underperform”. Truist also remained covering TGI and has decreased its forecast on August 21, 2024 with a “Hold” recommendation from previously “Buy” rating. Goldman revised its rating on August 13, 2024. It rated TGI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TGI
On Friday, Triumph Group Inc. [NYSE:TGI] saw its stock jump 1.46% to $14.59. Over the last five days, the stock has lost -2.80%. Triumph Group Inc. shares have fallen nearly -12.00% since the year began. Nevertheless, the stocks have risen 102.08% over the past one year. While a 52-week high of $17.87 was reached on 07/17/24, a 52-week low of $7.19 was recorded on 10/10/24. SMA at 50 days reached $13.57, while 200 days put it at $14.44.
Levels Of Support And Resistance For TGI Stock
The 24-hour chart illustrates a support level at 14.44, which if violated will result in even more drops to 14.28. On the upside, there is a resistance level at 14.67. A further resistance level may holdings at 14.74. The Relative Strength Index (RSI) on the 14-day chart is 55.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.62%. Stochastics %K at 78.71% indicates the stock is a holding.
How much short interest is there in Triumph Group Inc.?
A steep rise in short interest was recorded in Triumph Group Inc. stocks on 2024-10-15, growing by 1.33 million shares to a total of 8.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.27 million shares. There was a rise of 15.5%, which implies that there is a positive sentiment for the stock.
