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TPG Inc (TPG) receives an Overweight rating from Wells Fargo

TPG Inc’s recently made public that its Stockholder LEGAG Partners LLC acquired Company’s shares for reported $19.77 million on Nov 15 ’24. In the deal valued at $65.90 per share,299,992 shares were bought.

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Then, MESSEMER DEBORAH M. sold 4,089 shares, generating $190,332 in total proceeds. Upon selling the shares at $46.55, the Director now owns 17,536 shares.

Before that, MESSEMER DEBORAH M. sold 6,390 shares. TPG Inc shares valued at $280,980 were divested by the Director at a price of $43.97 per share. As a result of the transaction, MESSEMER DEBORAH M. now holds 18,033 shares, worth roughly $1.25 million.

Wells Fargo initiated its TPG Inc [TPG] rating to an Overweight in a research note published on September 12, 2024; the price target was $60. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early May from “an Equal-weight” to “an Overweight”. TD Cowen began covering TPG with “Market perform” recommendation on January 04, 2024.

Price Performance Review of TPG

On Tuesday, TPG Inc [NASDAQ:TPG] saw its stock jump 0.42% to $69.22. Over the last five days, the stock has lost -2.90%. TPG Inc shares have risen nearly 60.34% since the year began. Nevertheless, the stocks have risen 95.32% over the past one year. While a 52-week high of $72.98 was reached on 11/25/24, a 52-week low of $35.17 was recorded on 01/17/24. SMA at 50 days reached $64.71, while 200 days put it at $50.20.

Levels Of Support And Resistance For TPG Stock

The 24-hour chart illustrates a support level at 68.15, which if violated will result in even more drops to 67.07. On the upside, there is a resistance level at 70.15. A further resistance level may holdings at 71.07. The Relative Strength Index (RSI) on the 14-day chart is 56.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.58%. Stochastics %K at 62.00% indicates the stock is a holding.

How much short interest is there in TPG Inc?

A steep rise in short interest was recorded in TPG Inc stocks on 2024-11-15, growing by 0.92 million shares to a total of 5.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.62 million shares. There was a rise of 16.54%, which implies that there is a positive sentiment for the stock.

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