Based on the provided data, here's my analysis of TRI stock:
Technical Analysis
The stock is showing mixed technical signals with RSI at 53.69, indicating neutral momentum. The price is trading above its 20-day moving average of $160.22, suggesting short-term bullish momentum. However, MACD at -1.62 signals some bearish pressure.
Recent News & Events
According to recent news, Wells Fargo maintained a Hold rating on TRI with a price target of $165.00, while the analyst consensus shows a Moderate Buy rating with an average price target of $183.37, implying a potential upside of 12.47%.
Fundamental Analysis
The company recently made headlines with its acquisition of SafeSend for $600M in cash, demonstrating its commitment to strategic growth. However, insider sentiment has turned negative with increased selling activity over the past quarter.
Price Action
TRI closed at $162.37 on January 21, 2025, with a regular market percentage change of +1.96%. The stock is currently trading between key Fibonacci levels with resistance at $161.96 and support at $153.29.
Conclusion
Based on the current technical setup and mixed signals, selling TRI at current levels appears to be the better strategy. The stock is showing signs of resistance near current levels, and negative insider sentiment coupled with bearish MACD suggests potential downside pressure in the near term.