Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Terreno Realty Corp shares valued at $513,975 were sold by COKE MICHAEL A on Aug 09 ’24. At $68.53 per share, COKE MICHAEL A sold 7,500 shares. The insider’s holdings dropped to 402,164 shares worth approximately $24.68 million following the completion of this transaction.
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Also, Meyer John Tull sold 6,145 shares, netting a total of over 421,793 in proceeds. Following the sale of shares at $68.64 each, the insider now holds 110,988 shares.
Before that, Cannon Jaime Jackson had sold 4,998 shares from its account. In a trade valued at $341,813, the CFO traded Terreno Realty Corp shares for $68.39 each. Upon closing the transaction, the insider’s holdings decreased to 4,998 shares, worth approximately $6.25 million.
As published in a research note from Mizuho on September 05, 2024, Terreno Realty Corp [TRNO] has been rated down from a Neutral to an Underperform and the price target has been revised to $62. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late August. As of June 04, 2024, Exane BNP Paribas has initiated its “an Outperform” rating for TRNO. Earlier on March 27, 2024, Barclays initiated its rating. Their recommendation was “an Overweight” for TRNO stock.
Analyzing TRNO Stock Performance
During the last five days, there has been a drop of approximately -3.55%. Over the course of the year, Terreno Realty Corp shares have dropped approximately -2.09%. Shares of the company reached a 52-week high of $71.63 on 08/26/24 and a 52-week low of $53.78 on 05/06/24. A 50-day SMA is recorded $66.55, while a 200-day SMA reached $62.65. Nevertheless, trading volume fell to 0.59 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for Terreno Realty Corp (TRNO)
According to the 24-hour chart, there is a support level at 61.04, which, if violated, would cause prices to drop to 60.72. In the upper region, resistance lies at 61.86. The next price resistance is at 62.36. RSI (Relative Strength Index) is 35.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.83, which suggests the price will decrease in the coming days. Percent R is at 94.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
