Targa Resources Corp’s recent filing unveils that its Senior VP and CAO Boushka Julie H. unloaded Company’s shares for reported $1.01 million on Mar 05 ’24. In the deal valued at $100.96 per share,10,000 shares were sold. As a result of this transaction, Boushka Julie H. now holds 59,919 shares worth roughly $6.85 million.
Then, Pryor D. Scott sold 10,000 shares, generating $970,007 in total proceeds. Upon selling the shares at $97.00, the insider now owns 156,098 shares.
Before that, Muraro Robert sold 10,000 shares. Targa Resources Corp shares valued at $973,080 were divested by the Chief Commercial Officer at a price of $97.31 per share. As a result of the transaction, Muraro Robert now holds 219,451 shares, worth roughly $25.09 million.
A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in early March with a ‘”a Sector outperform”‘ rating. Citigroup began covering TRGP with “Buy” recommendation on December 09, 2022.
Price Performance Review of TRGP
On Monday, Targa Resources Corp [NYSE:TRGP] saw its stock fall -0.31% to $114.34. Over the last five days, the stock has lost -1.41%. Targa Resources Corp shares have risen nearly 31.62% since the year began. Nevertheless, the stocks have risen 49.23% over the past one year. While a 52-week high of $117.61 was reached on 04/12/24, a 52-week low of $67.36 was recorded on 01/18/24. SMA at 50 days reached $103.05, while 200 days put it at $88.99. A total of 1.9 million shares were traded, compared to the trading of 2.14 million shares in the previous session.
Levels Of Support And Resistance For TRGP Stock
The 24-hour chart illustrates a support level at 113.23, which if violated will result in even more drops to 112.11. On the upside, there is a resistance level at 116.09. A further resistance level may holdings at 117.83. The Relative Strength Index (RSI) on the 14-day chart is 67.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.49%. Stochastics %K at 63.97% indicates the stock is a holding.
