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Targa Resources Corp [TRGP] Insider Activity: An Update for Investors

Targa Resources Corp’s recent filing unveils that its Director REDD ERSHEL C JR unloaded Company’s shares for reported $0.34 million on May 10 ’24. In the deal valued at $113.10 per share,3,000 shares were sold. As a result of this transaction, REDD ERSHEL C JR now holds 28,223 shares worth roughly $3.19 million.

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Then, Chung Paul W sold 4,701 shares, generating $532,573 in total proceeds. Upon selling the shares at $113.29, the Director now owns 239,507 shares.

Before that, CRISP CHARLES R sold 7,000 shares. Targa Resources Corp shares valued at $787,761 were divested by the Director at a price of $112.54 per share. As a result of the transaction, CRISP CHARLES R now holds 95,471 shares, worth roughly $10.78 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 -0.26% to $112.91. Over the last five days, the stock has gained 0.10%. Targa Resources Corp shares have risen nearly 29.98% since the year began. Nevertheless, the stocks have risen 62.02% 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 $111.55, while 200 days put it at $92.53. A total of 1.04 million shares were traded, compared to the trading of 1.54 million shares in the previous session.

Levels Of Support And Resistance For TRGP Stock

The 24-hour chart illustrates a support level at 112.44, which if violated will result in even more drops to 111.98. On the upside, there is a resistance level at 113.66. A further resistance level may holdings at 114.42. The Relative Strength Index (RSI) on the 14-day chart is 49.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.75%. Stochastics %K at 40.40% indicates the stock is a holding.

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