The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Trinity Capital Inc shares valued at $79,744 were purchased by Zacharia Michael on Dec 10 ’24. At $14.34 per share, Zacharia Michael acquired 5,560 shares. The insider’s holdings grew to 22,102 shares worth approximately $0.33 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Brown Steve Louis purchased 19,350 shares, netting a total of over 253,951 in proceeds. Following the buying of shares at $13.12 each, the insider now holds 722,182 shares.
Before that, Zacharia Michael had added 790 shares to its account. In a trade valued at $10,385, the Director bought Trinity Capital Inc shares for $13.15 each. Upon closing the transaction, the insider’s holdings increased to 790 shares, worth approximately $0.25 million.
As published in a research note from Wells Fargo on December 02, 2024, Trinity Capital Inc [TRIN] has been rated down from an Equal weight to an Underweight and the price target has been revised to $13. Analysts at Compass Point upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of August 07, 2023, Keefe Bruyette has increased its “an Underperform” rating to a “Mkt perform” for TRIN. Earlier on July 05, 2023, Jefferies initiated its rating. Their recommendation was “a Buy” for TRIN stock.
Analyzing TRIN Stock Performance
During the last five days, there has been a surge of approximately 3.99%. Over the course of the year, Trinity Capital Inc shares have jumped approximately 2.34%. Shares of the company reached a 52-week high of $15.26 on 04/29/24 and a 52-week low of $13.05 on 11/04/24. A 50-day SMA is recorded $14.14, while a 200-day SMA reached $14.35. Nevertheless, trading volume fell to 0.65 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Trinity Capital Inc (TRIN)
According to the 24-hour chart, there is a support level at 14.77, which, if violated, would cause prices to drop to 14.68. In the upper region, resistance lies at 14.92. The next price resistance is at 14.97. RSI (Relative Strength Index) is 66.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.29, which suggests the price will decrease in the coming days. Percent R is at 0.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
