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TriNet Group Inc [TNET] Shares Fall Approximately -16.75% Over the Year

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TriNet Group Inc shares valued at $32,561 were purchased by PAUL CHAMBERLAIN on Oct 30 ’24. At $86.83 per share, PAUL CHAMBERLAIN acquired 375 shares.

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Also, TUMINELLI KELLY L sold 4,683 shares, netting a total of over 482,177 in proceeds. Following the sale of shares at $102.96 each, the insider now holds 82,409 shares.

Before that, TUMINELLI KELLY L had added 4,683 shares to its account. In a trade valued at $482,177, the Officer bought TriNet Group Inc shares for $102.96 each.

As published in a research note from Needham on October 28, 2024, TriNet Group Inc [TNET] has been rated down from a Buy to a Hold. As of November 07, 2023, UBS has initiated its “Neutral” rating for TNET. Earlier on August 07, 2023, TD Cowen upgraded its rating. Their new recommendation was “an Outperform” for TNET stock which previously was a “a Market perform”.

Analyzing TNET Stock Performance

During the last five days, there has been a drop of approximately -8.22%. Over the course of the year, TriNet Group Inc shares have dropped approximately -27.99%. Shares of the company reached a 52-week high of $134.67 on 04/04/24 and a 52-week low of $74.32 on 10/25/24. A 50-day SMA is recorded $95.99, while a 200-day SMA reached $108.41. Nevertheless, trading volume fell to 0.57 million shares from 0.95 million shares the previous day.

Support And Resistance Levels for TriNet Group Inc (TNET)

According to the 24-hour chart, there is a support level at 84.24, which, if violated, would cause prices to drop to 82.84. In the upper region, resistance lies at 87.66. The next price resistance is at 89.68. RSI (Relative Strength Index) is 36.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.61, which suggests the price will decrease in the coming days. Percent R is at 55.54%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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