Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trimble Inc shares valued at $85,518 were sold by Large Peter on Apr 16 ’24. At $59.10 per share, Large Peter sold 1,447 shares. The insider’s holdings dropped to 8,220 shares worth approximately $0.62 million following the completion of this transaction.
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Also, SCHWARTZ MARK DAVID sold 2,322 shares, netting a total of over 137,230 in proceeds. Following the sale of shares at $59.10 each, the insider now holds 10,265 shares.
Before that, SCHWARTZ MARK DAVID had sold 235 shares from its account. In a trade valued at $14,368, the Senior VP, CES traded Trimble Inc shares for $61.14 each. Upon closing the transaction, the insider’s holdings decreased to 235 shares, worth approximately $0.94 million.
As published in a research note from JP Morgan on December 04, 2024, Trimble Inc [TRMB] has been rated up from a Neutral to an Overweight and the price target has been revised to $92 from $74. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid February. As of September 29, 2023, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for TRMB. Earlier on April 05, 2023, Edward Jones upgraded its rating. Their new recommendation was “a Buy” for TRMB stock which previously was a “a Hold”.
Analyzing TRMB Stock Performance
During the last five days, there has been a drop of approximately -0.70%. Over the course of the year, Trimble Inc shares have jumped approximately 40.73%. Shares of the company reached a 52-week high of $76.97 on 12/04/24 and a 52-week low of $48.60 on 01/18/24. A 50-day SMA is recorded $67.33, while a 200-day SMA reached $60.12. Nevertheless, trading volume fell to 1.86 million shares from 1.43 million shares the previous day.
Support And Resistance Levels for Trimble Inc (TRMB)
According to the 24-hour chart, there is a support level at 73.81, which, if violated, would cause prices to drop to 72.74. In the upper region, resistance lies at 75.75. The next price resistance is at 76.62. RSI (Relative Strength Index) is 68.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.52, which suggests the price will decrease in the coming days. Percent R is at 35.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
