Sunoco LP’s filing revealed that its EVP – Commercial Harkness Austin acquired Company’s shares for reported $49740.0 on May 29 ’24. In the deal valued at $49.74 per share,1,000 shares were bought. As a result of this transaction, Harkness Austin now holds 83,686 shares worth roughly $4.7 million.
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Then, Fails Karl R bought 3,000 shares, generating $150,540 in total proceeds. Upon buying the shares at $50.18, the EVP & Chief Operations Officer now owns 230,916 shares.
Before that, Hand Brian A bought 2,000 shares. Sunoco LP shares valued at $99,180 were divested by the EVP-Chief Sales Officer at a price of $49.59 per share. As a result of the transaction, Hand Brian A now holds 153,255 shares, worth roughly $8.6 million.
Citigroup upgraded its Sunoco LP [SUN] rating to a Buy from a a Neutral in a research note published recently. Stifel also remained covering SUN and has increased its forecast on June 07, 2024 with a “Buy” recommendation from previously “Hold” rating.
Price Performance Review of SUN
On Friday, Sunoco LP [NYSE:SUN] saw its stock jump 1.32% to $56.13. Over the last five days, the stock has gained 8.51%. Sunoco LP shares have fallen nearly -6.34% since the year began. Nevertheless, the stocks have risen 28.15% over the past one year. While a 52-week high of $64.89 was reached on 03/06/24, a 52-week low of $43.00 was recorded on 05/24/24. SMA at 50 days reached $53.73, while 200 days put it at $55.17. A total of 1.86 million shares were traded, compared to the trading of 0.7 million shares in the previous session.
Levels Of Support And Resistance For SUN Stock
The 24-hour chart illustrates a support level at 55.20, which if violated will result in even more drops to 54.26. On the upside, there is a resistance level at 56.81. A further resistance level may holdings at 57.48. The Relative Strength Index (RSI) on the 14-day chart is 62.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.80%. Stochastics %K at 89.25% indicates the stock is a selling.
