Trane Technologies plc’s recent filing unveils that its Executive Vice President & CFO Kuehn Christopher J unloaded Company’s shares for reported $5.12 million on Nov 04 ’24. In the deal valued at $376.62 per share,13,591 shares were sold. As a result of this transaction, Kuehn Christopher J now holds 61,468 shares worth roughly $25.5 million.
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Then, Kuehn Christopher J bought 13,591 shares, generating $5,101,518 in total proceeds.
Before that, SULTANA KEITH A bought 1,530 shares. Trane Technologies plc shares valued at $508,103 were divested by the Officer at a price of $332.09 per share.
HSBC Securities downgraded its Trane Technologies plc [TT] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. JP Morgan also remained covering TT and has increased its forecast on October 06, 2023 with a “Neutral” recommendation from previously “an Underweight” rating. BofA Securities revised its rating on October 05, 2023. It rated TT as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of TT
On Monday, Trane Technologies plc [NYSE:TT] saw its stock jump 1.06% to $414.92. Over the last five days, the stock has gained 10.06%. Trane Technologies plc shares have risen nearly 70.12% since the year began. Nevertheless, the stocks have risen 87.76% over the past one year. While a 52-week high of $413.74 was reached on 11/11/24, a 52-week low of $220.62 was recorded on 01/03/24. SMA at 50 days reached $382.73, while 200 days put it at $330.77.
Levels Of Support And Resistance For TT Stock
The 24-hour chart illustrates a support level at 411.53, which if violated will result in even more drops to 408.15. On the upside, there is a resistance level at 417.58. A further resistance level may holdings at 420.25. The Relative Strength Index (RSI) on the 14-day chart is 67.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 16.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.83%. Stochastics %K at 89.90% indicates the stock is a selling.
How much short interest is there in Trane Technologies plc?
A steep rise in short interest was recorded in Trane Technologies plc stocks on 2024-10-15, dropping by -0.43 million shares to a total of 2.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.6 million shares. There was a decline of -19.64%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 15, 2023 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $256 price target.
