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Energy Transfer LP [ET] Co-CEO makes an insider acquire of 50,000 shares worth 659,500.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Energy Transfer LP shares valued at $659,500 were purchased by MCCREA MARSHALL S III on Dec 12 ’23. At $13.19 per share, MCCREA MARSHALL S III acquired 50,000 shares. The insider’s holdings grew to 7,272,754 shares worth approximately $112.58 million following the completion of this transaction.

Also, Mason Thomas P purchased 8,000 shares, netting a total of over 105,360 in proceeds. Following the buying of shares at $13.17 each, the insider now holds 1,715,720 shares.

Before that, Whitehurst Bradford D. had added 10,000 shares to its account. In a trade valued at $131,000, the EVP bought Energy Transfer LP shares for $13.10 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $20.48 million.

Analysts at Pickering Energy Partners started covering the stock with ‘”an Outperform”‘ outlook in a report released in early October. As of December 09, 2022, Citigroup has initiated its “Buy” rating for ET.

Analyzing ET Stock Performance

During the last five days, there has been a drop of approximately -2.46%. Over the course of the year, Energy Transfer LP shares have jumped approximately 12.17%. Shares of the company reached a 52-week high of $16.07 on 04/29/24 and a 52-week low of $13.60 on 01/18/24. A 50-day SMA is recorded $15.41, while a 200-day SMA reached $14.06. Nevertheless, trading volume fell to 13.08 million shares from 13.97 million shares the previous day.

Support And Resistance Levels for Energy Transfer LP (ET)

According to the 24-hour chart, there is a support level at 15.35, which, if violated, would cause prices to drop to 15.21. In the upper region, resistance lies at 15.72. The next price resistance is at 15.95. RSI (Relative Strength Index) is 45.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 53.39%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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