Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Thermon Group Holdings Inc shares valued at $904,605 were sold by Buntin David on Dec 12 ’24. At $32.15 per share, Buntin David sold 28,137 shares. The insider’s holdings dropped to 57,773 shares worth approximately $1.65 million following the completion of this transaction.
Also, Buntin David purchased 28,137 shares, netting a total of over 898,133 in proceeds.
Before that, Roberto Kuahara had sold 300 shares from its account. In a trade valued at $9,411, the SVP, Operations traded Thermon Group Holdings Inc shares for $31.37 each. Upon closing the transaction, the insider’s holdings decreased to 300 shares, worth approximately $0.7 million.
As published in their initiating research note from CJS Securities on April 29, 2024, Thermon Group Holdings Inc [THR] has been a Market outperform and the price target has been revised to $42. Analysts at ROTH MKM started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of March 16, 2020, Rosenblatt has initiated its “Buy” rating for THR. Earlier on November 01, 2018, SunTrust upgraded its rating. Their new recommendation was “a Buy” for THR stock which previously was a “a Hold”.
Analyzing THR Stock Performance
During the last five days, there has been a drop of approximately -0.56%. Over the course of the year, Thermon Group Holdings Inc shares have dropped approximately -0.56%. Shares of the company reached a 52-week high of $29.70 on 01/06/25 and a 52-week low of $28.08 on 01/08/25. A 50-day SMA is recorded $29.81, while a 200-day SMA reached $30.53. Nevertheless, trading volume fell to 83890.0 shares from 0.1 million shares the previous day.
Support And Resistance Levels for Thermon Group Holdings Inc (THR)
According to the 24-hour chart, there is a support level at 28.17, which, if violated, would cause prices to drop to 27.73. In the upper region, resistance lies at 28.96. The next price resistance is at 29.31. RSI (Relative Strength Index) is 38.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 82.41%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
