TriNet Group Inc’s filing revealed that its Director Chamberlain Paul Edward unloaded Company’s shares for reported $32336.0 on Oct 30 ’24. In the deal valued at $86.23 per share,375 shares were sold. As a result of this transaction, Chamberlain Paul Edward now holds 37,591 shares worth roughly $3.08 million.
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Then, PAUL CHAMBERLAIN bought 375 shares, generating $32,561 in total proceeds.
Before that, TUMINELLI KELLY L sold 4,683 shares. TriNet Group Inc shares valued at $482,177 were divested by the EVP & CHIEF FINANCIAL OFFICER at a price of $102.96 per share. As a result of the transaction, TUMINELLI KELLY L now holds 82,409 shares, worth roughly $6.76 million.
Needham downgraded its TriNet Group Inc [TNET] rating to a Hold from a a Buy in a research note published recently. UBS began covering TNET with “Neutral” recommendation on November 07, 2023. TD Cowen revised its rating on August 07, 2023. It rated TNET as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of TNET
On Monday, TriNet Group Inc [NYSE:TNET] saw its stock fall -2.42% to $82.00. Over the last five days, the stock has lost -0.79%. TriNet Group Inc shares have fallen nearly -31.05% since the year began. Nevertheless, the stocks have fallen -20.32% over the past one year. While a 52-week high of $134.67 was reached on 04/04/24, a 52-week low of $74.32 was recorded on 10/25/24. SMA at 50 days reached $95.05, while 200 days put it at $107.92.
Levels Of Support And Resistance For TNET Stock
The 24-hour chart illustrates a support level at 80.61, which if violated will result in even more drops to 79.21. On the upside, there is a resistance level at 84.32. A further resistance level may holdings at 86.63. The Relative Strength Index (RSI) on the 14-day chart is 31.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.25%. Stochastics %K at 37.47% indicates the stock is a holding.
How much short interest is there in TriNet Group Inc?
A steep rise in short interest was recorded in TriNet Group Inc stocks on 2024-10-15, growing by 0.31 million shares to a total of 1.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.26 million shares. There was a rise of 19.73%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 12, 2023 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $115 price target.
