Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TriNet Group Inc shares valued at $32,336 were sold by Chamberlain Paul Edward on Oct 30 ’24. At $86.23 per share, Chamberlain Paul Edward sold 375 shares. The insider’s holdings dropped to 37,591 shares worth approximately $3.5 million following the completion of this transaction.
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Also, PAUL CHAMBERLAIN purchased 375 shares, netting a total of over 32,561 in proceeds.
Before that, TUMINELLI KELLY L had sold 4,683 shares from its account. In a trade valued at $482,177, the EVP & CHIEF FINANCIAL OFFICER traded TriNet Group Inc shares for $102.96 each. Upon closing the transaction, the insider’s holdings decreased to 4,683 shares, worth approximately $7.66 million.
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 surge of approximately 9.54%. Over the course of the year, TriNet Group Inc shares have dropped approximately -21.81%. 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 $94.33, while a 200-day SMA reached $107.52. Nevertheless, trading volume fell to 0.53 million shares from 0.48 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 91.66, which, if violated, would cause prices to drop to 90.34. In the upper region, resistance lies at 94.19. The next price resistance is at 95.40. RSI (Relative Strength Index) is 53.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.50, which suggests the price will increase in the coming days. Percent R is at 5.47%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
