Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trane Technologies plc shares valued at $5,118,695 were sold by Kuehn Christopher J on Nov 04 ’24. At $376.62 per share, Kuehn Christopher J sold 13,591 shares. The insider’s holdings dropped to 61,468 shares worth approximately $25.58 million following the completion of this transaction.
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Also, Kuehn Christopher J purchased 13,591 shares, netting a total of over 5,101,518 in proceeds.
Before that, SULTANA KEITH A had added 1,530 shares to its account. In a trade valued at $508,103, the Officer bought Trane Technologies plc shares for $332.09 each.
As published in their initiating research note from Northcoast on November 22, 2024, Trane Technologies plc [TT] has been a Buy and the price target has been revised to $500. As of October 31, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for TT. Earlier on September 06, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for TT stock.
Analyzing TT Stock Performance
During the last five days, there has been a surge of approximately 1.20%. Over the course of the year, Trane Technologies plc shares have jumped approximately 70.60%. Shares of the company reached a 52-week high of $422.00 on 11/25/24 and a 52-week low of $233.76 on 01/03/24. A 50-day SMA is recorded $396.66, while a 200-day SMA reached $339.49. Nevertheless, trading volume fell to 0.88 million shares from 2.4 million shares the previous day.
Support And Resistance Levels for Trane Technologies plc (TT)
According to the 24-hour chart, there is a support level at 414.62, which, if violated, would cause prices to drop to 413.16. In the upper region, resistance lies at 418.71. The next price resistance is at 421.34. RSI (Relative Strength Index) is 60.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.03, which suggests the price will increase in the coming days. Percent R is at 25.77%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.