TriNet Group (NYSE:TNET) : Traders are bullish on TriNet Group (NYSE:TNET) as it has outperformed the S&P 500 by a wide margin of 5.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.56%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.85% in the last 1 week, and is up 6.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -15.49% from its 1 Year high price. On Aug 3, 2015, the shares registered one year high at $26.99 and the one year low was seen on Mar 1, 2016. The 50-Day Moving Average price is $20.33 and the 200 Day Moving Average price is recorded at $16.63.
The stock has recorded a 20-day Moving Average of 5.24% and the 50-Day Moving Average is 10.05%.
TriNet Group (NYSE:TNET): stock turned positive on Friday. Though the stock opened at $21.33, the bulls momentum made the stock top out at $21.81 level for the day. The stock recorded a low of $21.31 and closed the trading day at $21.5, in the green by 1.70%. The total traded volume for the day was 722,267. The stock had closed at $21.14 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Turner John W, officer (SR. VP of SALES) of Trinet Group Inc, had unloaded 5,000 shares at an average price of $20.73 in a transaction dated on June 21, 2016. The total value of the transaction was worth $103,650.
TriNet Group, Inc. is a provider of a human resources solution for small to medium-sized businesses (SMBs). The Companys human resource solution includes services, such as payroll processing, human capital consulting, employment law compliance and employee benefits, including health insurance, retirement plans and workers compensation insurance. Its services are delivered by HR professionals and enabled by its cloud-based technology platform, which allows its clients and employees of clients to conduct HR transactions anytime and anywhere. The Company serves thousands of clients in specific industry vertical markets, including technology, life sciences, property management, professional services, banking and financial services, retail, manufacturing and hospitality services, as well as non-profit entities. As of December 31, 2014, it served over 10,000 clients in all 50 states of the United States, the District of Columbia and Canada.