Trinity Capital Inc’s filing revealed that its Executive Chairman Brown Steve Louis acquired Company’s shares for reported $0.25 million on Nov 04 ’24. In the deal valued at $13.12 per share,19,350 shares were bought. As a result of this transaction, Brown Steve Louis now holds 722,182 shares worth roughly $10.38 million.
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Then, Zacharia Michael bought 790 shares, generating $10,385 in total proceeds. Upon buying the shares at $13.15, the Director now owns 16,542 shares.
Before that, Brown Kyle Steven bought 7,562 shares. Trinity Capital Inc shares valued at $101,226 were divested by the CEO, President and CIO at a price of $13.39 per share. As a result of the transaction, Brown Kyle Steven now holds 964,832 shares, worth roughly $13.86 million.
Wells Fargo downgraded its Trinity Capital Inc [TRIN] rating to an Underweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in late August from “a Neutral” to “a Buy”. Keefe Bruyette also remained covering TRIN and has increased its forecast on August 07, 2023 with a “Mkt perform” recommendation from previously “an Underperform” rating. Jefferies started covering the stock on July 05, 2023. It rated TRIN as “a Buy”.
Price Performance Review of TRIN
On Monday, Trinity Capital Inc [NASDAQ:TRIN] saw its stock jump 0.49% to $14.37. Over the last five days, the stock has lost -0.48%. Trinity Capital Inc shares have fallen nearly -1.10% since the year began. Nevertheless, the stocks have fallen -2.58% over the past one year. While a 52-week high of $15.44 was reached on 04/29/24, a 52-week low of $13.05 was recorded on 11/04/24. SMA at 50 days reached $13.96, while 200 days put it at $14.35.
Levels Of Support And Resistance For TRIN Stock
The 24-hour chart illustrates a support level at 14.27, which if violated will result in even more drops to 14.17. On the upside, there is a resistance level at 14.43. A further resistance level may holdings at 14.49. The Relative Strength Index (RSI) on the 14-day chart is 55.67, 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 low at 56.00%. Stochastics %K at 34.93% indicates the stock is a holding.
How much short interest is there in Trinity Capital Inc?
A steep rise in short interest was recorded in Trinity Capital Inc stocks on 2024-11-15, dropping by -0.56 million shares to a total of 1.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.76 million shares. There was a decline of -47.27%, which implies that there is a negative sentiment for the stock.
