Trane Technologies plc’s filing revealed that its Senior Vice President Magner Mairead unloaded Company’s shares for reported $1.8 million on Dec 04 ’24. In the deal valued at $416.00 per share,4,329 shares were sold. As a result of this transaction, Magner Mairead now holds 12,893 shares worth roughly $4.65 million.
Then, Magner Mairead bought 4,329 shares, generating $1,786,591 in total proceeds.
Before that, Kuehn Christopher J sold 13,591 shares. Trane Technologies plc shares valued at $5,118,695 were divested by the Executive Vice President & CFO at a price of $376.62 per share. As a result of the transaction, Kuehn Christopher J now holds 61,468 shares, worth roughly $22.16 million.
Melius downgraded its Trane Technologies plc [TT] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Northcoast’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. HSBC Securities revised its rating on October 31, 2024. It rated TT as “a Hold” which previously was an “a Buy”.
Price Performance Review of TT
On Monday, Trane Technologies plc [NYSE:TT] saw its stock fall -0.61% to $360.52. Over the last five days, the stock has lost -1.93%. Trane Technologies plc shares have fallen nearly -2.39% since the year began. Nevertheless, the stocks have risen 43.04% over the past one year. While a 52-week high of $422.00 was reached on 01/24/25, a 52-week low of $263.12 was recorded on 02/03/25. SMA at 50 days reached $391.07, while 200 days put it at $360.24.
Levels Of Support And Resistance For TT Stock
The 24-hour chart illustrates a support level at 355.25, which if violated will result in even more drops to 349.99. On the upside, there is a resistance level at 364.09. A further resistance level may holdings at 367.67. The Relative Strength Index (RSI) on the 14-day chart is 33.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -17.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.63%. Stochastics %K at 14.85% indicates the stock is a buying.
How much short interest is there in Trane Technologies plc?
A steep rise in short interest was recorded in Trane Technologies plc stocks on 2025-01-15, growing by 60505.0 shares to a total of 3.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.97 million shares. There was a rise of 2.0%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 06, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $425 price target.
