Targa Resources Corp’s filing revealed 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 $6.76 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 $24.75 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 jump 0.44% to $112.80. Over the last five days, the stock has lost -3.75%. Targa Resources Corp shares have risen nearly 29.85% since the year began. Nevertheless, the stocks have risen 62.65% over the past one year. While a 52-week high of $117.87 was reached on 04/25/24, a 52-week low of $67.36 was recorded on 01/18/24. SMA at 50 days reached $110.04, while 200 days put it at $91.73. A total of 1.26 million shares were traded, compared to the trading of 1.87 million shares in the previous session.
Levels Of Support And Resistance For TRGP Stock
The 24-hour chart illustrates a support level at 112.12, which if violated will result in even more drops to 111.44. On the upside, there is a resistance level at 113.69. A further resistance level may holdings at 114.58. The Relative Strength Index (RSI) on the 14-day chart is 49.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.17%. Stochastics %K at 29.81% indicates the stock is a holding.
