Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. EQT Corporation shares valued at $414,003 were sold by Evancho Lesley on Nov 10. At $42.15 per share, Evancho Lesley sold 9,821 shares. The insider’s holdings dropped to 115,895 shares worth approximately $3.86 million following the completion of this transaction.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Also, Jordan William E. sold 98,783 shares, netting a total of over 4,104,127 in proceeds. Following the sale of shares at $41.55 each, the insider now holds 297,787 shares.
Before that, Jordan William E. had sold 98,783 shares from its account. In a trade valued at $4,100,364, the EVP, GC AND CORP SEC traded EQT Corporation shares for $41.51 each. Upon closing the transaction, the insider’s holdings decreased to 98,783 shares, worth approximately $9.92 million.
As published in their initiating research note from Wells Fargo on January 25, 2023, EQT Corporation [EQT] has been an Overweight and the price target has been revised to $41. This represents a 18.78% premium over Wednesday’s closing price. As of December 14, 2022, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for EQT. Earlier on December 07, 2022, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for EQT stock which previously was a “a Buy”.
Analyzing EQT Stock Performance
On Wednesday, EQT Corporation [NYSE: EQT] rose 0.36% to $33.30. The stock’s lowest price that day was $32.455, but it reached a high of $33.67 in the same session. During the last five days, there has been a surge of approximately 4.13%. Over the course of the year, EQT Corporation shares have dropped approximately -1.57%. Shares of the company reached a 52-week high of $35.98 on 01/17/23 and a 52-week low of $29.01 on 02/08/23. A 50-day SMA is recorded $33.20, while a 200-day SMA reached $40.05. Nevertheless, trading volume fell to 6.2 million shares from 6.44 million shares the previous day.
Support And Resistance Levels for EQT Corporation (EQT)
According to the 24-hour chart, there is a support level at 32.61, which, if violated, would cause prices to drop to 31.93. In the upper region, resistance lies at 33.83. The next price resistance is at 34.36. RSI (Relative Strength Index) is 53.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.38, which suggests the price will increase in the coming days. Percent R is at 30.90%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is EQT Corporation subject to short interest?
Stocks of EQT Corporation saw a sharp steep in short interest on Jan 30, 2023 dropping by -3.19 million shares to 20.41 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 23.6 million shares. A decline of -15.63% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.1 of the overall float, the days-to-cover ratio (short ratio) decline to 3.1.
Which companies own the most shares of EQT Corporation (EQT)?
According to The Vanguard Group, Inc. filings, the company currently owns 37,729,024 shares, which is about 10.28% of the total EQT shares outstanding. The investor’s shares have appreciated by 376,886 from its previous 13-F filing of 37352138.0 shares. With the completion of the buy transaction, SSgA Funds Management, Inc.’s stake is now worth $851,857,019. BlackRock Fund Advisors reduced a -22.15% interest valued at $722.19 million while Fidelity Management & Research Co sold a -3,380,004 stake. A total of -2,749,824 shares of EQT Corporation were sold by Capital Research & Management Co during the quarter, and 718,040 were bought by ClearBridge Investments LLC. In its current portfolio, BlackRock Advisors LLC holds 10,897,641 shares valued at $356.03 million.
In terms of EQT Corporation share price expectations, FactSet research, analysts set an average price target of $47.64 in the next 12 months, up nearly 47.68% from the previous closing price of $33.18. Analysts anticipate EQT Corporation stock to reach $67.00 by 2023, with the lowest price target being $31.00. In spite of this, 24 analysts ranked EQT Corporation stock as an Overweight at the end of 2023. On October 19, 2022, Jefferies assigned a price target of “a Buy” to the stock and initiated coverage with a $57.