The stock of Triton International Limited (NYSE:TRTN) reached all time low today, Oct, 28 and still has $11.16 target or 7.00% below today’s $12.00 share price. This indicates more downside for the $901.73 million company. This technical setup was reported by Barchart.com. If the $11.16 PT is reached, the company will be worth $63.12M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 1.64% or $0.2 on October 28, hitting $12. About 174,657 shares traded hands. Triton International Limited (NYSE:TRTN) has declined 9.56% since March 28, 2016 and is downtrending. It has underperformed by 14.27% the S&P500.
According to Zacks Investment Research, “Triton International Limited offers acquisition, leasing, re-leasing, and sale of intermodal containers. The company’s leasing equipment consists of Dry Freight Containers, Refrigerated Containers, Special Containers, Tank Containers and Chassis. Triton International Limited, formerly known as TAL International Group, Inc., is based in Hamilton, Bermuda.”
More notable recent Triton International Limited (NYSE:TRTN) news were published by: Businesswire.com which released: “Triton International Limited Reports Second Quarter 2016 Results and Declares …” on August 11, 2016, also Businesswire.com with their article: “Triton Container International Limited and TAL International Group, Inc …” published on July 12, 2016, Marketwatch.com published: “/quotes/zigman/3870025/realtime” on May 29, 2011. More interesting news about Triton International Limited (NYSE:TRTN) were released by: Businesswire.com and their article: “Triton International Limited to Host Investor and Analyst Event on September …” published on September 13, 2016 as well as Businesswire.com‘s news article titled: “Triton International Limited Announces Dates for Second Quarter 2016 Earnings …” with publication date: July 29, 2016.
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