Trane Technologies plc’s recent filing unveils that its Senior Vice President Magner Mairead unloaded Company’s shares for reported $1.8 million on Dec 04 ’24. In the deal valued at $416.00 per share,4,329 shares were sold. As a result of this transaction, Magner Mairead now holds 12,893 shares worth roughly $5.14 million.
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Then, Magner Mairead bought 4,329 shares, generating $1,786,591 in total proceeds.
Before that, Kuehn Christopher J sold 13,591 shares. Trane Technologies plc shares valued at $5,118,695 were divested by the Executive Vice President & CFO at a price of $376.62 per share. As a result of the transaction, Kuehn Christopher J now holds 61,468 shares, worth roughly $24.49 million.
Northcoast initiated its Trane Technologies plc [TT] rating to a Buy in a research note published on November 22, 2024; the price target was $500. HSBC Securities also remained covering TT and has decreased its forecast on October 31, 2024 with a “Hold” recommendation from previously “Buy” rating. Morgan Stanley started covering the stock on September 06, 2024. It rated TT as “an Overweight”.
Price Performance Review of TT
On Monday, Trane Technologies plc [NYSE:TT] saw its stock fall -0.25% to $398.37. Over the last five days, the stock has lost -0.81%. Trane Technologies plc shares have risen nearly 63.33% since the year began. Nevertheless, the stocks have risen 66.75% over the past one year. While a 52-week high of $422.00 was reached on 11/25/24, a 52-week low of $233.76 was recorded on 01/03/24. SMA at 50 days reached $401.67, while 200 days put it at $347.14.
Levels Of Support And Resistance For TT Stock
The 24-hour chart illustrates a support level at 395.46, which if violated will result in even more drops to 392.55. On the upside, there is a resistance level at 401.28. A further resistance level may holdings at 404.19. The Relative Strength Index (RSI) on the 14-day chart is 42.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.78%. Stochastics %K at 17.20% indicates the stock is a buying.
How much short interest is there in Trane Technologies plc?
A steep rise in short interest was recorded in Trane Technologies plc stocks on 2024-11-29, growing by 0.44 million shares to a total of 2.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.2 million shares. There was a rise of 16.8%, which implies that there is a positive sentiment for the stock.
