Keeping an Eye on EQT Corporation (EQT) After Insider Trading Activity


In a filing, EQT Corporation revealed its 10% Owner VANLOH S WIL JR unloaded Company’s shares for reported $828.0 million on Sep 14. In the deal valued at $41.40 per share,20,000,000 shares were sold. As a result of this transaction, VANLOH S WIL JR now holds 23,946,108 shares worth roughly $ 994.48 million.

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Then, James Todd sold 31,170 shares, generating $1,201,915 in total proceeds. Upon selling the shares at $38.56, the CHIEF ACCOUNTING OFFICER now owns 39,392 shares.

Before that, Evancho Lesley sold 9,821 shares. EQT Corporation shares valued at $414,003 were divested by the CHIEF HUMAN RESOURCES OFFICER at a price of $42.15 per share. As a result of the transaction, Evancho Lesley now holds 115,895 shares, worth roughly $4.81 million.

Scotiabank downgraded its EQT Corporation [EQT] rating to a Sector perform from a a Sector outperform in a research note published on Friday.

Price Performance Review of EQT

On Friday, EQT Corporation [NYSE:EQT] saw its stock fall -2.49% to $41.53. On the same session, the stock had its day’s lowest price of $41.355, but rose to a high of $42.54. Over the last five days, the stock has lost -2.24%. EQT Corporation shares have risen nearly 22.76% since the year began. Nevertheless, the stocks have fallen -17.92% over the past one year. While a 52-week high of $49.96 was reached on 08/21/23, a 52-week low of $28.10 was recorded on 03/15/23. SMA at 50 days reached $41.79, while 200 days put it at $36.22. A total of 7.88 million shares were traded, compared to the trading of 4.59 million shares in the previous session.

Levels Of Support And Resistance For EQT Stock

The 24-hour chart illustrates a support level at 41.08, which if violated will result in even more drops to 40.62. On the upside, there is a resistance level at 42.26. A further resistance level may holdings at 42.99. The Relative Strength Index (RSI) on the 14-day chart is 45.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.93%. Stochastics %K at 33.02% indicates the stock is a holding.

How much short interest is there in EQT Corporation?

A steep rise in short interest was recorded in EQT Corporation stocks on Aug 30, 2023, dropping by -1.48 million shares to a total of 25.5 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 26.98 million shares. There was a decline of -5.8%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.91% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.21.

EQT Corporation [EQT] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 40,188,311 shares, or roughly 9.77% of the outstanding EQT shares. In other words, the investor’s shares have risen by 2,668,873 from its previous 13-F filing of 37519438.0.. Over the last quarter, BlackRock Fund Advisors sold -1,795,377 shares of EQT Corporation, while Capital Research & Management Co sold -1,594,231 shares. At present, Wellington Management Co. LLP is holding 12,160,719 shares valued at $525.59 million. ClearBridge Investments LLC owned 11,776,306 shares of the company at the time of its most recent 13F filing, worth $508.97 million.

According to FactSet, EQT Corporation’s share price will average $48.68 in the next year, based on opinions of analysts polled by the firm. This is up nearly 12.7 percent from its previous closing price of $42.59. Analysts expect EQT Corporation stock to reach the higher price of $65.00, while the lowest price estimate is $37.00. However, 24 analysts have rated EQT stock as an Overweight in their predictions for 2023.


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