Targa Resources Corp’s recent filing unveils that its Chief Commercial Officer Muraro Robert unloaded Company’s shares for reported $13000.0 on Jun 26 ’24. In the deal valued at $130.00 per share,100 shares were sold. As a result of this transaction, Muraro Robert now holds 196,851 shares worth roughly $25.84 million.
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Then, Muraro Robert sold 10,000 shares, generating $1,200,811 in total proceeds. Upon selling the shares at $120.08, the Chief Commercial Officer now owns 196,951 shares.
Before that, Muraro Robert sold 12,500 shares. Targa Resources Corp shares valued at $1,457,923 were divested by the Chief Commercial Officer at a price of $116.63 per share. As a result of the transaction, Muraro Robert now holds 206,951 shares, worth roughly $27.17 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 1.93% to $131.27. Over the last five days, the stock has gained 2.08%. Targa Resources Corp shares have risen nearly 51.11% since the year began. Nevertheless, the stocks have risen 74.54% over the past one year. While a 52-week high of $130.53 was reached on 07/01/24, a 52-week low of $74.20 was recorded on 01/18/24. SMA at 50 days reached $118.17, while 200 days put it at $98.49. A total of 1.74 million shares were traded, compared to the trading of 3.43 million shares in the previous session.
Levels Of Support And Resistance For TRGP Stock
The 24-hour chart illustrates a support level at 129.05, which if violated will result in even more drops to 126.82. On the upside, there is a resistance level at 132.41. A further resistance level may holdings at 133.54. The Relative Strength Index (RSI) on the 14-day chart is 72.72, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.40%. Stochastics%K at 91.18% indicates the stock is a selling.
