Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Transcat Inc shares valued at $92,427 were purchased by Cairns Craig D. on Jan 31 ’25. At $77.02 per share, Cairns Craig D. acquired 1,200 shares. The insider’s holdings grew to 1,910 shares worth approximately $0.16 million following the completion of this transaction.
Also, HADEED CHARLES P sold 1,358 shares, netting a total of over 176,540 in proceeds. Following the sale of shares at $130.00 each, the insider now holds 21,320 shares.
Before that, Jenkins James M. had sold 5,514 shares from its account. In a trade valued at $756,411, the Chief Legal & Corp Dev Officer traded Transcat Inc shares for $137.18 each. Upon closing the transaction, the insider’s holdings decreased to 5,514 shares, worth approximately $0.14 million.
As published in a research note from Oppenheimer on January 29, 2025, Transcat Inc [TRNS] has been rated down from an Outperform to a Perform. Analysts at Northland Capital downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late May. As of October 17, 2023, Oppenheimer has initiated its “an Outperform” rating for TRNS. Earlier on September 15, 2022, Northland Capital initiated its rating. Their recommendation was “an Outperform” for TRNS stock.
Analyzing TRNS Stock Performance
During the last five days, there has been a surge of approximately 9.52%. Over the course of the year, Transcat Inc shares have dropped approximately -20.00%. Shares of the company reached a 52-week high of $111.29 on 01/06/25 and a 52-week low of $67.56 on 03/21/25. A 50-day SMA is recorded $76.90, while a 200-day SMA reached $104.94.
Support And Resistance Levels for Transcat Inc (TRNS)
According to the 24-hour chart, there is a support level at 82.06, which, if violated, would cause prices to drop to 79.52. In the upper region, resistance lies at 86.59. The next price resistance is at 88.58. RSI (Relative Strength Index) is 63.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.33, which suggests the price will increase in the coming days. Percent R is at 13.17%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
