Trimble Inc’s recently made public that its Senior Vice President Large Peter unloaded Company’s shares for reported $85518.0 on Apr 16 ’24. In the deal valued at $59.10 per share,1,447 shares were sold. As a result of this transaction, Large Peter now holds 8,220 shares worth roughly $0.59 million.
Then, SCHWARTZ MARK DAVID sold 2,322 shares, generating $137,230 in total proceeds. Upon selling the shares at $59.10, the Senior VP, CES now owns 10,265 shares.
Before that, SCHWARTZ MARK DAVID sold 235 shares. Trimble Inc shares valued at $14,368 were divested by the Senior VP, CES at a price of $61.14 per share. As a result of the transaction, SCHWARTZ MARK DAVID now holds 12,587 shares, worth roughly $0.91 million.
Wolfe Research upgraded its Trimble Inc [TRMB] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “an Overweight”. Piper Sandler also remained covering TRMB and has increased its forecast on February 13, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Raymond James revised its rating on September 29, 2023. It rated TRMB as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of TRMB
On Tuesday, Trimble Inc [NASDAQ:TRMB] saw its stock jump 1.29% to $72.02. Over the last five days, the stock has gained 2.26%. Trimble Inc shares have risen nearly 1.92% since the year began. Nevertheless, the stocks have risen 41.86% over the past one year. While a 52-week high of $76.97 was reached on 01/07/25, a 52-week low of $48.60 was recorded on 01/02/25. SMA at 50 days reached $70.54, while 200 days put it at $60.82.
Levels Of Support And Resistance For TRMB Stock
The 24-hour chart illustrates a support level at 71.13, which if violated will result in even more drops to 70.25. On the upside, there is a resistance level at 73.03. A further resistance level may holdings at 74.05. The Relative Strength Index (RSI) on the 14-day chart is 53.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.87%. Stochastics %K at 38.65% indicates the stock is a holding.
How much short interest is there in Trimble Inc?
A steep rise in short interest was recorded in Trimble Inc stocks on 2024-12-13, dropping by -0.65 million shares to a total of 2.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.11 million shares. There was a decline of -26.3%, which implies that there is a negative sentiment for the stock.
