Trimas Corporation’s recently made public that its Director Tredwell Daniel P acquired Company’s shares for reported $2171.0 on Aug 12 ’24. In the deal valued at $23.71 per share,92 shares were bought. As a result of this transaction, Tredwell Daniel P now holds 50,934 shares worth roughly $1.27 million.
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Then, Mell Scott A sold 1,500 shares, generating $40,942 in total proceeds. Upon selling the shares at $27.30, the Chief Financial Officer now owns 31,923 shares.
Before that, Tredwell Daniel P bought 81 shares. Trimas Corporation shares valued at $2,168 were divested by the Director at a price of $26.80 per share. As a result of the transaction, Tredwell Daniel P now holds 50,842 shares, worth roughly $1.26 million.
BWS Financial initiated its Trimas Corporation [TRS] rating to a Buy in a research note published on May 22, 2023; the price target was $40. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in late October from “an Outperform” to “a Mkt perform”. William Blair also remained covering TRS and has increased its forecast on April 02, 2020 with a “an Outperform” recommendation from previously “Mkt perform” rating. Seaport Global Securities revised its rating on September 15, 2017. It rated TRS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TRS
On Monday, Trimas Corporation [NASDAQ:TRS] saw its stock fall -8.09% to $24.87. Over the last five days, the stock has lost -9.10%. Trimas Corporation shares have fallen nearly -1.82% since the year began. Nevertheless, the stocks have risen 3.20% over the past one year. While a 52-week high of $28.51 was reached on 10/21/24, a 52-week low of $22.45 was recorded on 08/05/24. SMA at 50 days reached $25.82, while 200 days put it at $25.64.
Levels Of Support And Resistance For TRS Stock
The 24-hour chart illustrates a support level at 23.76, which if violated will result in even more drops to 22.65. On the upside, there is a resistance level at 26.95. A further resistance level may holdings at 29.04. The Relative Strength Index (RSI) on the 14-day chart is 33.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.42%. Stochastics %K at 24.59% indicates the stock is a holding.
How much short interest is there in Trimas Corporation?
A steep rise in short interest was recorded in Trimas Corporation stocks on 2024-10-15, growing by 0.32 million shares to a total of 2.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.11 million shares. There was a rise of 13.29%, which implies that there is a positive sentiment for the stock.
