Trinity Industries (TRN) : Traders are bullish on Trinity Industries (TRN) as it has outperformed the S&P 500 by a wide margin of 4.46% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.23%, 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 4.77% in the last 1 week, and is up 9.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 8.6% and the 50-Day Moving Average is 13.25%.
Trinity Industries (NYSE:TRN): The stock opened at $20.90 on Friday but the bulls could not build on the opening and the stock topped out at $20.96 for the day. The stock traded down to $20.56 during the day, due to lack of any buying support eventually closed down at $20.65 with a loss of -1.05% for the day. The stock had closed at $20.87 on the previous day. The total traded volume was 1,786,325 shares.
The company Insiders own 1.8% of Trinity Industries shares according to the proxy statements. Institutional Investors own 70.55% of Trinity Industries shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Vice President) of Trinity Industries Inc, Menzies D Stephen had sold 101,296 shares worth of $2,781,588 in a transaction dated November 2, 2015. In this transaction, 101,296 shares were sold at $27.46 per share.
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.