Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trinity Industries, Inc shares valued at $761,946 were sold by Mitchell Gregory B on Nov 15 ’24. At $37.15 per share, Mitchell Gregory B sold 20,510 shares. The insider’s holdings dropped to 121,165 shares worth approximately $4.49 million following the completion of this transaction.
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Also, GREGORY B MITCHELL purchased 20,510 shares, netting a total of over 761,903 in proceeds.
Before that, Marchetto Eric R had sold 8,816 shares from its account. In a trade valued at $264,480, the EVP & CFO traded Trinity Industries, Inc shares for $30.00 each. Upon closing the transaction, the insider’s holdings decreased to 8,816 shares, worth approximately $8.33 million.
As published in their initiating research note from Goldman on November 18, 2024, Trinity Industries, Inc [TRN] has been a Neutral and the price target has been revised to $39. Analysts at Susquehanna downgraded the stock from ‘”a Positive”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of May 02, 2024, TD Cowen has reiterated its “Buy” rating for TRN. Earlier on October 16, 2023, Susquehanna upgraded its rating. Their new recommendation was “a Positive” for TRN stock which previously was a “a Neutral”.
Analyzing TRN Stock Performance
During the last five days, there has been a drop of approximately -2.17%. Over the course of the year, Trinity Industries, Inc shares have jumped approximately 39.34%. Shares of the company reached a 52-week high of $38.69 on 11/12/24 and a 52-week low of $23.40 on 01/18/24. A 50-day SMA is recorded $35.04, while a 200-day SMA reached $30.72. Nevertheless, trading volume fell to 0.54 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for Trinity Industries, Inc (TRN)
According to the 24-hour chart, there is a support level at 36.39, which, if violated, would cause prices to drop to 35.74. In the upper region, resistance lies at 37.93. The next price resistance is at 38.82. RSI (Relative Strength Index) is 55.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.93, which suggests the price will decrease in the coming days. Percent R is at 25.51%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
