Trinity Industries, Inc’s recently made public that its EVP & CFO Marchetto Eric R unloaded Company’s shares for reported $0.26 million on May 02 ’24. In the deal valued at $30.00 per share,8,816 shares were sold. As a result of this transaction, Marchetto Eric R now holds 224,888 shares worth roughly $7.33 million.
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Then, Marchetto Eric R sold 9,781 shares, generating $273,868 in total proceeds. Upon selling the shares at $28.00, the EVP & CFO now owns 233,704 shares.
Before that, Poet Kevin sold 6,000 shares. Trinity Industries, Inc shares valued at $152,700 were divested by the EVP Operations & Support Svcs at a price of $25.45 per share. As a result of the transaction, Poet Kevin now holds 30,718 shares, worth roughly $1.0 million.
Susquehanna downgraded its Trinity Industries, Inc [TRN] rating to a Neutral from a a Positive in a research note published on October 21, 2024; the price target was increased to $35 from $34. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. Susquehanna also remained covering TRN and has increased its forecast on October 16, 2023 with a “Positive” recommendation from previously “Neutral” rating. Susquehanna revised its rating on November 07, 2022. It rated TRN as “a Neutral” which previously was an “a Positive”.
Price Performance Review of TRN
On Friday, Trinity Industries, Inc [NYSE:TRN] saw its stock fall -4.96% to $32.58. Over the last five days, the stock has lost -8.07%. Trinity Industries, Inc shares have risen nearly 22.53% since the year began. Nevertheless, the stocks have risen 57.39% over the past one year. While a 52-week high of $37.04 was reached on 08/01/24, a 52-week low of $20.43 was recorded on 01/18/24. SMA at 50 days reached $33.76, while 200 days put it at $29.98.
Levels Of Support And Resistance For TRN Stock
The 24-hour chart illustrates a support level at 31.87, which if violated will result in even more drops to 31.15. On the upside, there is a resistance level at 33.90. A further resistance level may holdings at 35.22. The Relative Strength Index (RSI) on the 14-day chart is 37.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.24%. Stochastics %K at 26.21% indicates the stock is a holding.
How much short interest is there in Trinity Industries, Inc?
A steep rise in short interest was recorded in Trinity Industries, Inc stocks on 2024-10-15, dropping by 52706.0 shares to a total of 1.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.04 million shares. There was a decline of -2.65%, which implies that there is a negative sentiment for the stock.
