In a filing, Trimas Corporation revealed its Chief Financial Officer Mell Scott A unloaded Company’s shares for reported $51880.0 on Nov 19 ’24. In the deal valued at $25.94 per share,2,000 shares were sold. As a result of this transaction, Mell Scott A now holds 28,506 shares worth roughly $0.7 million.
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Then, Mell Scott A bought 2,000 shares, generating $51,880 in total proceeds.
Before that, AMATO THOMAS A bought 10,000 shares. Trimas Corporation shares valued at $258,252 were divested by the President and CEO at a price of $25.83 per share. As a result of the transaction, AMATO THOMAS A now holds 327,335 shares, worth roughly $8.05 million.
BWS Financial initiated its Trimas Corporation [TRS] rating to a Buy in a research note published on May 22, 2023; the price target was $40. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in late October from “an Outperform” to “a Mkt perform”. William Blair also remained covering TRS and has increased its forecast on April 02, 2020 with a “an Outperform” recommendation from previously “Mkt perform” rating. Seaport Global Securities revised its rating on September 15, 2017. It rated TRS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TRS
On Tuesday, Trimas Corporation [NASDAQ:TRS] saw its stock jump 0.20% to $24.59. Over the last five days, the stock has lost -2.73%. Trimas Corporation shares have fallen nearly -2.92% since the year began. Nevertheless, the stocks have fallen -5.79% over the past one year. While a 52-week high of $28.51 was reached on 10/21/24, a 52-week low of $22.45 was recorded on 08/05/24. SMA at 50 days reached $26.51, while 200 days put it at $25.86.
Levels Of Support And Resistance For TRS Stock
The 24-hour chart illustrates a support level at 24.43, which if violated will result in even more drops to 24.28. On the upside, there is a resistance level at 24.69. A further resistance level may holdings at 24.80. The Relative Strength Index (RSI) on the 14-day chart is 31.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.33%. Stochastics %K at 12.76% indicates the stock is a buying.
How much short interest is there in Trimas Corporation?
A steep rise in short interest was recorded in Trimas Corporation stocks on 2024-11-29, dropping by -0.12 million shares to a total of 2.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.35 million shares. There was a decline of -5.28%, which implies that there is a negative sentiment for the stock.
