In a filing, Trinity Industries, Inc revealed its EVP Leasing and Services Mitchell Gregory B unloaded Company’s shares for reported $0.76 million on Nov 15 ’24. In the deal valued at $37.15 per share,20,510 shares were sold. As a result of this transaction, Mitchell Gregory B now holds 121,165 shares worth roughly $4.55 million.
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Then, GREGORY B MITCHELL bought 20,510 shares, generating $761,903 in total proceeds.
Before that, Marchetto Eric R sold 8,816 shares. Trinity Industries, Inc shares valued at $264,480 were divested by the EVP & CFO at a price of $30.00 per share. As a result of the transaction, Marchetto Eric R now holds 224,888 shares, worth roughly $8.44 million.
Goldman initiated its Trinity Industries, Inc [TRN] rating to a Neutral in a research note published on November 18, 2024; the price target was $39. A number of analysts have revised their coverage, including Susquehanna’s analysts, who decreased its forecast for the stock in late October from “a Positive” to “a Neutral”. TD Cowen also remained covering TRN and reiterated its “Buy” recommendation on May 02, 2024. Susquehanna revised its rating on October 16, 2023. It rated TRN as “a Positive” which previously was an “a Neutral”.
Price Performance Review of TRN
On Friday, Trinity Industries, Inc [NYSE:TRN] saw its stock jump 1.02% to $37.55. Over the last five days, the stock has gained 0.89%. Trinity Industries, Inc shares have risen nearly 41.22% since the year began. Nevertheless, the stocks have risen 52.39% over the past one year. While a 52-week high of $38.69 was reached on 11/12/24, a 52-week low of $23.40 was recorded on 01/18/24. SMA at 50 days reached $35.28, while 200 days put it at $30.83.
Levels Of Support And Resistance For TRN Stock
The 24-hour chart illustrates a support level at 37.21, which if violated will result in even more drops to 36.88. On the upside, there is a resistance level at 37.92. A further resistance level may holdings at 38.29. The Relative Strength Index (RSI) on the 14-day chart is 58.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.62%. Stochastics %K at 77.08% indicates the stock is a holding.
How much short interest is there in Trinity Industries, Inc?
A steep rise in short interest was recorded in Trinity Industries, Inc stocks on 2024-10-31, dropping by 6995.0 shares to a total of 2.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.08 million shares. There was a decline of -0.34%, which implies that there is a negative sentiment for the stock.
