Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Targa Resources Corp shares valued at $787,761 were sold by CRISP CHARLES R on May 08 ’24. At $112.54 per share, CRISP CHARLES R sold 7,000 shares. The insider’s holdings dropped to 95,471 shares worth approximately $10.84 million following the completion of this transaction.
Also, Boushka Julie H. sold 2,184 shares, netting a total of over 245,682 in proceeds. Following the sale of shares at $112.49 each, the insider now holds 55,044 shares.
Before that, Boushka Julie H. had sold 2,691 shares from its account. In a trade valued at $304,096, the Senior VP and CAO traded Targa Resources Corp shares for $113.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,691 shares, worth approximately $6.5 million.
Analysts at Scotiabank started covering the stock with ‘”a Sector outperform”‘ outlook in a report released in early March. As of December 09, 2022, Citigroup has initiated its “Buy” rating for TRGP.
Analyzing TRGP Stock Performance
During the last five days, there has been a surge of approximately 0.53%. Over the course of the year, Targa Resources Corp shares have jumped approximately 30.76%. Shares of the company reached a 52-week high of $117.87 on 04/25/24 and a 52-week low of $81.03 on 01/18/24. A 50-day SMA is recorded $110.98, while a 200-day SMA reached $92.21. Nevertheless, trading volume fell to 1.25 million shares from 1.05 million shares the previous day.
Support And Resistance Levels for Targa Resources Corp (TRGP)
According to the 24-hour chart, there is a support level at 112.69, which, if violated, would cause prices to drop to 111.79. In the upper region, resistance lies at 114.10. The next price resistance is at 114.62. RSI (Relative Strength Index) is 52.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.46, which suggests the price will decrease in the coming days. Percent R is at 55.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
