Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trane Technologies plc shares valued at $1,800,868 were sold by Magner Mairead on Dec 04 ’24. At $416.00 per share, Magner Mairead sold 4,329 shares. The insider’s holdings dropped to 12,893 shares worth approximately $4.76 million following the completion of this transaction.
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Also, Magner Mairead purchased 4,329 shares, netting a total of over 1,786,591 in proceeds.
Before that, Kuehn Christopher J had sold 13,591 shares from its account. In a trade valued at $5,118,695, the Executive Vice President & CFO traded Trane Technologies plc shares for $376.62 each. Upon closing the transaction, the insider’s holdings decreased to 13,591 shares, worth approximately $22.7 million.
As published in their initiating research note from Northcoast on November 22, 2024, Trane Technologies plc [TT] has been a Buy and the price target has been revised to $500. As of October 31, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for TT. Earlier on September 06, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for TT stock.
Analyzing TT Stock Performance
During the last five days, there has been a drop of approximately -2.16%. Over the course of the year, Trane Technologies plc shares have jumped approximately 51.44%. Shares of the company reached a 52-week high of $422.00 on 11/25/24 and a 52-week low of $233.76 on 01/03/24. A 50-day SMA is recorded $397.53, while a 200-day SMA reached $351.65. Nevertheless, trading volume fell to 0.91 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for Trane Technologies plc (TT)
According to the 24-hour chart, there is a support level at 367.33, which, if violated, would cause prices to drop to 365.32. In the upper region, resistance lies at 372.41. The next price resistance is at 375.48. RSI (Relative Strength Index) is 25.58 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -12.39, which suggests the price will decrease in the coming days. Percent R is at 91.35%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
