Thermon Group Holdings Inc’s recently made public that its SVP, Thermon Heat Tracing Buntin David unloaded Company’s shares for reported $0.9 million on Dec 12 ’24. In the deal valued at $32.15 per share,28,137 shares were sold. As a result of this transaction, Buntin David now holds 57,773 shares worth roughly $1.67 million.
Then, Buntin David bought 28,137 shares, generating $898,133 in total proceeds.
Before that, Roberto Kuahara sold 300 shares. Thermon Group Holdings Inc shares valued at $9,411 were divested by the SVP, Operations at a price of $31.37 per share. As a result of the transaction, Roberto Kuahara now holds 24,362 shares, worth roughly $0.7 million.
CJS Securities initiated its Thermon Group Holdings Inc [THR] rating to a Market outperform in a research note published on April 29, 2024; the price target was $42. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. Rosenblatt began covering THR with “Buy” recommendation on March 16, 2020. SunTrust revised its rating on November 01, 2018. It rated THR as “a Buy” which previously was an “a Hold”.
Price Performance Review of THR
On Tuesday, Thermon Group Holdings Inc [NYSE:THR] saw its stock jump 0.80% to $28.85. Over the last five days, the stock has lost -5.72%. Thermon Group Holdings Inc shares have fallen nearly -11.42% since the year began. Nevertheless, the stocks have fallen -11.37% over the past one year. While a 52-week high of $35.93 was reached on 05/23/24, a 52-week low of $23.76 was recorded on 02/02/24. SMA at 50 days reached $29.67, while 200 days put it at $30.58.
Levels Of Support And Resistance For THR Stock
The 24-hour chart illustrates a support level at 28.52, which if violated will result in even more drops to 28.18. On the upside, there is a resistance level at 29.05. A further resistance level may holdings at 29.24. The Relative Strength Index (RSI) on the 14-day chart is 34.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.43%. Stochastics %K at 7.03% indicates the stock is a buying.
How much short interest is there in Thermon Group Holdings Inc?
A steep rise in short interest was recorded in Thermon Group Holdings Inc stocks on 2024-11-29, dropping by -0.11 million shares to a total of 0.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.44 million shares. There was a decline of -34.69%, which implies that there is a negative sentiment for the stock.
