Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Trio Petroleum Corp shares valued at $3,838 were sold by PERNICE THOMAS J on Oct 17 ’24. At $0.15 per share, PERNICE THOMAS J sold 25,000 shares. The insider’s holdings dropped to 195,000 shares worth approximately $25350.0 following the completion of this transaction.
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Also, PERNICE THOMAS J purchased 25,000 shares, netting a total of over 3,750 in proceeds.
Before that, Randall John W. had sold 30,000 shares from its account. In a trade valued at $9,024, the Director traded Trio Petroleum Corp shares for $0.30 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $9100.0.
Analyzing TPET Stock Performance
During the last five days, there has been a drop of approximately -6.91%. Over the course of the year, Trio Petroleum Corp shares have dropped approximately -58.73%. Shares of the company reached a 52-week high of $0.7196 on 04/15/24 and a 52-week low of $0.0801 on 03/27/24. A 50-day SMA is recorded $0.1787, while a 200-day SMA reached $0.2214. Nevertheless, trading volume fell to 9.9 million shares from 1.82 million shares the previous day.
Support And Resistance Levels for Trio Petroleum Corp (TPET)
According to the 24-hour chart, there is a support level at 0.1209, which, if violated, would cause prices to drop to 0.1140. In the upper region, resistance lies at 0.1359. The next price resistance is at 0.1440. RSI (Relative Strength Index) is 30.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0152, which suggests the price will decrease in the coming days. Percent R is at 86.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
