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Taking a Closer Look At Enterprise Products Partners L P (EPD) Following Its Recent Trade

Enterprise Products Partners L P’s recently made public that its Co-Chief Executive Officer TEAGUE AJ acquired Company’s shares for reported $63076.0 on Dec 19 ’23. In the deal valued at $26.17 per share,2,410 shares were bought. As a result of this transaction, TEAGUE AJ now holds 6,060 shares worth roughly $0.17 million.

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Then, Rutherford John R bought 10,000 shares, generating $259,639 in total proceeds. Upon buying the shares at $25.96, the Director now owns 137,423 shares.

Before that, Montgomery William C bought 50,000 shares. Enterprise Products Partners L P shares valued at $1,330,025 were divested by the Director at a price of $26.60 per share. As a result of the transaction, Montgomery William C now holds 114,758 shares, worth roughly $3.26 million.

A number of analysts have revised their coverage, including Pickering Energy Partners’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. Scotiabank began covering EPD with “Sector outperform” recommendation on March 02, 2023. Wolfe Research revised its rating on January 09, 2023. It rated EPD as “an Outperform” which previously was an “a Peer perform”.

Price Performance Review of EPD

On Tuesday, Enterprise Products Partners L P [NYSE:EPD] saw its stock fall -0.42% to $28.42. Over the last five days, the stock has gained 0.35%. Enterprise Products Partners L P shares have risen nearly 7.86% since the year began. Nevertheless, the stocks have risen 9.27% over the past one year. While a 52-week high of $29.99 was reached on 04/04/24, a 52-week low of $25.61 was recorded on 02/07/24. SMA at 50 days reached $28.66, while 200 days put it at $27.45. A total of 2.36 million shares were traded, compared to the trading of 2.99 million shares in the previous session.

Levels Of Support And Resistance For EPD Stock

The 24-hour chart illustrates a support level at 28.28, which if violated will result in even more drops to 28.15. On the upside, there is a resistance level at 28.53. A further resistance level may holdings at 28.65. The Relative Strength Index (RSI) on the 14-day chart is 49.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.19%. Stochastics %K at 65.36% indicates the stock is a holding.

The most recent change occurred on December 09, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $31 price target.

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