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. Trio Petroleum Corp shares valued at $2,162 were sold by PERNICE THOMAS J on Jan 15 ’25. At $1.73 per share, PERNICE THOMAS J sold 1,250 shares. The insider’s holdings dropped to 17,750 shares worth approximately $25915.0 following the completion of this transaction.
Also, PERNICE THOMAS J sold 2,750 shares, netting a total of over 2,981 in proceeds. Following the sale of shares at $1.08 each, the insider now holds 19,000 shares.
Before that, PERNICE THOMAS J had sold 25,000 shares from its account. In a trade valued at $3,838, the Director traded Trio Petroleum Corp shares for $0.15 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $0.28 million.
Analyzing TPET Stock Performance
During the last five days, there has been a drop of approximately -1.35%. Over the course of the year, Trio Petroleum Corp shares have jumped approximately 20.66%. Shares of the company reached a 52-week high of $3.2500 on 01/21/25 and a 52-week low of $1.0100 on 01/06/25. A 50-day SMA is recorded $1.5388, while a 200-day SMA reached $3.6063. Nevertheless, trading volume fell to 0.97 million shares from 0.16 million shares the previous day.
Support And Resistance Levels for Trio Petroleum Corp (TPET)
According to the 24-hour chart, there is a support level at 1.3600, which, if violated, would cause prices to drop to 1.2600. In the upper region, resistance lies at 1.6000. The next price resistance is at 1.7400. RSI (Relative Strength Index) is 45.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1538, which suggests the price will decrease in the coming days. Percent R is at 68.33%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
