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. Trimas Corporation shares valued at $51,880 were sold by Mell Scott A on Nov 19 ’24. At $25.94 per share, Mell Scott A sold 2,000 shares. The insider’s holdings dropped to 28,506 shares worth approximately $0.66 million following the completion of this transaction.
Also, Mell Scott A purchased 2,000 shares, netting a total of over 51,880 in proceeds.
Before that, AMATO THOMAS A had added 10,000 shares to its account. In a trade valued at $258,252, the President and CEO bought Trimas Corporation shares for $25.83 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $7.57 million.
As published in their initiating research note from BWS Financial on May 22, 2023, Trimas Corporation [TRS] has been a Buy and the price target has been revised to $40. Analysts at William Blair downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late October. As of April 02, 2020, William Blair has increased its “Mkt perform” rating to a “an Outperform” for TRS. Earlier on September 15, 2017, Seaport Global Securities downgraded its rating. Their new recommendation was “a Neutral” for TRS stock which previously was a “a Buy”.
Analyzing TRS Stock Performance
During the last five days, there has been a drop of approximately -5.98%. Over the course of the year, Trimas Corporation shares have dropped approximately -5.98%. Shares of the company reached a 52-week high of $24.92 on 01/02/25 and a 52-week low of $22.24 on 01/08/25. A 50-day SMA is recorded $25.82, while a 200-day SMA reached $25.80. Nevertheless, trading volume fell to 0.24 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Trimas Corporation (TRS)
According to the 24-hour chart, there is a support level at 22.52, which, if violated, would cause prices to drop to 21.92. In the upper region, resistance lies at 23.43. The next price resistance is at 23.75. RSI (Relative Strength Index) is 29.24 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.20, which suggests the price will decrease in the coming days. Percent R is at 72.69%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
