In a filing, Trimble Inc revealed its Corporate VP, General Counsel Allison Jennifer unloaded Company’s shares for reported $0.27 million on Jan 17 ’25. In the deal valued at $74.75 per share,3,571 shares were sold. As a result of this transaction, Allison Jennifer now holds 3,157 shares worth roughly $0.23 million.
Then, Allison Jennifer bought 3,571 shares, generating $266,935 in total proceeds.
Before that, Large Peter sold 1,447 shares. Trimble Inc shares valued at $85,518 were divested by the Senior Vice President at a price of $59.10 per share. As a result of the transaction, Large Peter now holds 8,220 shares, worth roughly $0.61 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 fall -0.71% to $73.83. Over the last five days, the stock has lost -0.70%. Trimble Inc shares have risen nearly 4.49% since the year began. Nevertheless, the stocks have risen 41.76% over the past one year. While a 52-week high of $77.78 was reached on 01/24/25, a 52-week low of $48.65 was recorded on 01/13/25. SMA at 50 days reached $73.46, while 200 days put it at $62.34.
Levels Of Support And Resistance For TRMB Stock
The 24-hour chart illustrates a support level at 73.45, which if violated will result in even more drops to 73.06. On the upside, there is a resistance level at 74.43. A further resistance level may holdings at 75.02. The Relative Strength Index (RSI) on the 14-day chart is 48.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.22%. Stochastics %K at 33.33% 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 2025-01-31, growing by 0.32 million shares to a total of 2.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 2.52 million shares. There was a rise of 11.38%, which implies that there is a positive sentiment for the stock.
