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 $76,909 were purchased by Mell Scott A on Mar 25 ’25. At $23.66 per share, Mell Scott A acquired 3,250 shares.
Also, SEDAGHAT SHAWN purchased 554,149 shares, netting a total of over 13,339,586 in proceeds. Following the buying of shares at $24.07 each, the insider now holds 900,974 shares.
Before that, SEDAGHAT SHAWN had added 249,597 shares to its account. In a trade valued at $5,948,529, the Director bought Trimas Corporation shares for $23.83 each. Upon closing the transaction, the insider’s holdings increased to 249,597 shares, worth approximately $7.28 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 surge of approximately 1.99%. Over the course of the year, Trimas Corporation shares have dropped approximately -14.64%. Shares of the company reached a 52-week high of $25.83 on 01/27/25 and a 52-week low of $19.33 on 02/27/25. A 50-day SMA is recorded $22.69, while a 200-day SMA reached $24.71.
Support And Resistance Levels for Trimas Corporation (TRS)
According to the 24-hour chart, there is a support level at 20.47, which, if violated, would cause prices to drop to 19.95. In the upper region, resistance lies at 21.64. The next price resistance is at 22.30. RSI (Relative Strength Index) is 43.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 57.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
