Trustmark Corp (NASDAQ:TRMK) shares, rose in value on Friday, November 22, with the stock price up by 2.83% to the previous day’s close as strong demand from buyers drove the stock to $39.28.
Actively observing the price movement in the last trading, the stock closed the session at $38.20, falling within a range of $38.2451 and $39.49. The value of beta (5-year monthly) was 0.71. Referring to stock’s 52-week performance, its high was $40.60, and the low was $22.11. On the whole, TRMK has fluctuated by 13.99% over the past month.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
With the market capitalization of Trustmark Corp currently standing at about $2.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.92, with its dividend yield at 2.34%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TRMK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of TRMK currently trading nearly 5.55% and 13.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.94, while the 7-day volatility ratio is showing 2.39% which for the 30-day chart, stands at 3.35%. Furthermore, Trustmark Corp (TRMK)’s beta value is 0.73, and its average true range (ATR) is 1.23.
A comparison of Trustmark Corp (TRMK) with its peers suggests the former has fared considerably weaker in the market. TRMK showed an intraday change of 2.83% in last session, and over the past year, it grew by 72.58%%.
Data on historical trading for Trustmark Corp (NASDAQ:TRMK) indicates that the trading volumes over the past 10 days have averaged 0.35 and over the past 3 months, they’ve averaged 285.80K. According to company’s latest data on outstanding shares, there are 61.07 million shares outstanding.
Nearly 7.73% of Trustmark Corp’s shares belong to company insiders and institutional investors own 71.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.48 million shares as on 2024-10-31, resulting in a short ratio of 6.74. According to the data, the short interest in Trustmark Corp (TRMK) stood at 331.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 1.54 million. The stock has risen by 40.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TRMK stock heading into the next quarter.
