Trinity Industries (TRN) has risen sharply, recording gains of 12.45% in the past 4 weeks. However, the stock has corrected -0.98% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.3% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.98% and the 50-Day Moving Average is 15.45%. Trinity Industries (NYSE:TRN): On Fridays trading session , Opening price of the stock was $23.27 with an intraday high of $23.39. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23.02. However, the stock managed to close at $23.22, a loss of 0.04% for the day. On the previous day, the stock had closed at $23.23. The total traded volume of the day was 1,307,913 shares.
The company Insiders own 1.8% of Trinity Industries shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -16.01% . Institutional Investors own 70.11% of Trinity Industries shares. During last six month period, the net percent change held by insiders has seen a change of -16.01%. Also, In the latest statement by the brokerage house, Susquehanna downgrades its outlook on Trinity Industries (NYSE:TRN). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Positive. The rating by the firm was issued on July 25, 2016.
Trinity Industries, Inc. is a diversified industrial company that owns businesses providing products and services to the energy, transportation, chemical and construction sectors. The Companys products and services include railcars and railcar parts, the leasing, management, and maintenance of railcars, inland barges, highway products, aggregates, storage and distribution containers, structural wind towers, electric utility structures and parts and steel components. The Company operates under the following segments: the Rail Group, Construction Products Group, Inland Barge Group, Energy Equipment Group, Railcar Leasing and Management Services Group, and All Other. The Company caters to concrete producers, which include commercial, residential, highway contractors, manufacturers of masonry products, and state and local municipalities. It also caters to commercial marine transportation companies, wind turbine producers, dealers and industrial users.