TriNet Group Inc’s recent filing unveils that its Chief Technology Officer Hayward Jeffery Jon unloaded Company’s shares for reported $0.22 million on Nov 29 ’24. In the deal valued at $93.03 per share,2,345 shares were sold. As a result of this transaction, Hayward Jeffery Jon now holds 34,606 shares worth roughly $3.13 million.
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Then, Hayward Jeffery Jon bought 2,345 shares, generating $218,155 in total proceeds.
Before that, Hayward Jeffery Jon sold 1,813 shares. TriNet Group Inc shares valued at $168,138 were divested by the Chief Technology Officer at a price of $92.74 per share. As a result of the transaction, Hayward Jeffery Jon now holds 36,951 shares, worth roughly $3.34 million.
Needham downgraded its TriNet Group Inc [TNET] rating to a Hold from a a Buy in a research note published recently. UBS began covering TNET with “Neutral” recommendation on November 07, 2023. TD Cowen revised its rating on August 07, 2023. It rated TNET as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of TNET
On Tuesday, TriNet Group Inc [NYSE:TNET] saw its stock jump 0.90% to $90.48. Over the last five days, the stock has lost -0.45%. TriNet Group Inc shares have fallen nearly -23.90% since the year began. Nevertheless, the stocks have fallen -23.78% over the past one year. While a 52-week high of $134.67 was reached on 04/04/24, a 52-week low of $74.32 was recorded on 10/25/24. SMA at 50 days reached $91.62, while 200 days put it at $103.11.
Levels Of Support And Resistance For TNET Stock
The 24-hour chart illustrates a support level at 89.51, which if violated will result in even more drops to 88.51. On the upside, there is a resistance level at 91.15. A further resistance level may holdings at 91.79. The Relative Strength Index (RSI) on the 14-day chart is 45.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.91%. Stochastics %K at 30.38% indicates the stock is a holding.
How much short interest is there in TriNet Group Inc?
A steep rise in short interest was recorded in TriNet Group Inc stocks on 2024-11-29, dropping by 35486.0 shares to a total of 1.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.44 million shares. There was a decline of -2.52%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 12, 2023 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $115 price target.
