Trustmark Corp’s recently made public that its Director HOST GERARD R unloaded Company’s shares for reported $1.26 million on Nov 15 ’24. In the deal valued at $38.18 per share,33,000 shares were sold. As a result of this transaction, HOST GERARD R now holds 0 shares worth roughly $0.0.
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Then, HOST GERARD R sold 7,000 shares, generating $270,130 in total proceeds. Upon selling the shares at $38.59, the Director now owns 16,500 shares.
Before that, HOST GERARD R sold 26,416 shares. Trustmark Corp shares valued at $1,049,508 were divested by the Director at a price of $39.73 per share. As a result of the transaction, HOST GERARD R now holds 26,792 shares, worth roughly $1.05 million.
Hovde Group reiterated its Trustmark Corp [TRMK] rating to a Market perform in a research note published on October 29, 2024; the price target was $37. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in late April from “a Mkt perform” to “an Outperform”. Raymond James also remained covering TRMK and has decreased its forecast on April 06, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on February 21, 2023. It rated TRMK as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of TRMK
On Friday, Trustmark Corp [NASDAQ:TRMK] saw its stock jump 2.83% to $39.28. Over the last five days, the stock has gained 2.96%. Trustmark Corp shares have risen nearly 40.89% since the year began. Nevertheless, the stocks have risen 72.58% over the past one year. While a 52-week high of $40.60 was reached on 11/11/24, a 52-week low of $22.11 was recorded on 03/15/24. SMA at 50 days reached $34.59, while 200 days put it at $30.76.
Levels Of Support And Resistance For TRMK Stock
The 24-hour chart illustrates a support level at 38.52, which if violated will result in even more drops to 37.76. On the upside, there is a resistance level at 39.76. A further resistance level may holdings at 40.25. The Relative Strength Index (RSI) on the 14-day chart is 65.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.97%. Stochastics %K at 67.85% indicates the stock is a holding.
How much short interest is there in Trustmark Corp?
A steep rise in short interest was recorded in Trustmark Corp stocks on 2024-10-31, dropping by 59772.0 shares to a total of 1.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.54 million shares. There was a decline of -4.04%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 09, 2023 when DA Davidson began covering the stock and recommended ‘”a Neutral”‘ rating along with a $38 price target.
