Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Triumph Financial Inc shares valued at $545,113 were sold by Schreyer Edward Joseph on Nov 01 ’24. At $88.94 per share, Schreyer Edward Joseph sold 6,129 shares. The insider’s holdings dropped to 33,569 shares worth approximately $3.64 million following the completion of this transaction.
Also, Schreyer Edward Joseph purchased 6,129 shares, netting a total of over 545,358 in proceeds.
Before that, Voss William B. had sold 9,491 shares from its account. In a trade valued at $792,498, the Chief Financial Officer traded Triumph Financial Inc shares for $83.50 each. Upon closing the transaction, the insider’s holdings decreased to 9,491 shares, worth approximately $1.32 million.
As published in a research note from Keefe Bruyette on July 19, 2024, Triumph Financial Inc [TFIN] has been rated down from a Mkt perform to an Underperform and the price target has been revised to $70 from $75. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in mid February. As of November 17, 2023, DA Davidson has decreased its “Buy” rating to a “Neutral” for TFIN.
Analyzing TFIN Stock Performance
During the last five days, there has been a surge of approximately 9.61%. Over the course of the year, Triumph Financial Inc shares have jumped approximately 35.17%. Shares of the company reached a 52-week high of $110.58 on 11/25/24 and a 52-week low of $66.85 on 04/18/24. A 50-day SMA is recorded $88.78, while a 200-day SMA reached $80.97. Nevertheless, trading volume fell to 89363.0 shares from 0.22 million shares the previous day.
Support And Resistance Levels for Triumph Financial Inc (TFIN)
According to the 24-hour chart, there is a support level at 107.29, which, if violated, would cause prices to drop to 106.20. In the upper region, resistance lies at 109.79. The next price resistance is at 111.19. RSI (Relative Strength Index) is 70.07 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.84, which suggests the price will increase in the coming days. Percent R is at 13.85%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
