The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Triumph Group Inc shares valued at $151,351 were purchased by EGNOTOVICH CYNTHIA M on Jun 06 ’24. At $15.14 per share, EGNOTOVICH CYNTHIA M acquired 10,000 shares. The insider’s holdings grew to 32,561 shares worth approximately $0.62 million following the completion of this transaction.
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Also, Keating Neal J purchased 10,000 shares, netting a total of over 141,275 in proceeds. Following the buying of shares at $14.13 each, the insider now holds 68,987 shares.
Before that, Keating Neal J had added 7,200 shares to its account. In a trade valued at $104,616, the Director bought Triumph Group Inc shares for $14.53 each. Upon closing the transaction, the insider’s holdings increased to 7,200 shares, worth approximately $1.13 million.
As published in a research note from JP Morgan on October 14, 2024, Triumph Group Inc [TGI] has been rated down from a Neutral to an Underweight and the price target has been revised to $12 from $15. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”an Underperform”‘ outlook in a report released in late September. As of August 21, 2024, Truist has decreased its “Buy” rating to a “Hold” for TGI. Earlier on August 13, 2024, Goldman downgraded its rating. Their new recommendation was “a Neutral” for TGI stock which previously was a “a Buy”.
Analyzing TGI Stock Performance
During the last five days, there has been a surge of approximately 4.75%. Over the course of the year, Triumph Group Inc shares have jumped approximately 15.68%. Shares of the company reached a 52-week high of $19.71 on 11/12/24 and a 52-week low of $11.01 on 10/10/24. A 50-day SMA is recorded $14.56, while a 200-day SMA reached $14.49. Nevertheless, trading volume fell to 1.13 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for Triumph Group Inc (TGI)
According to the 24-hour chart, there is a support level at 18.73, which, if violated, would cause prices to drop to 18.29. In the upper region, resistance lies at 19.40. The next price resistance is at 19.63. RSI (Relative Strength Index) is 73.79 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.05, which suggests the price will increase in the coming days. Percent R is at 8.75%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
