In a filing, Targa Resources Corp revealed its Chief Commercial Officer Muraro Robert unloaded Company’s shares for reported $1.29 million on Jun 28 ’24. In the deal valued at $130.31 per share,9,900 shares were sold. As a result of this transaction, Muraro Robert now holds 186,951 shares worth roughly $24.87 million.
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Then, Muraro Robert sold 100 shares, generating $13,000 in total proceeds. Upon selling the shares at $130.00, the Chief Commercial Officer now owns 196,851 shares.
Before that, Muraro Robert sold 10,000 shares. Targa Resources Corp shares valued at $1,200,811 were divested by the Chief Commercial Officer at a price of $120.08 per share. As a result of the transaction, Muraro Robert now holds 196,951 shares, worth roughly $26.2 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 1.09% to $133.01. Over the last five days, the stock has lost -3.45%. Targa Resources Corp shares have risen nearly 53.11% since the year began. Nevertheless, the stocks have risen 65.11% over the past one year. While a 52-week high of $138.28 was reached on 07/22/24, a 52-week low of $77.97 was recorded on 01/18/24. SMA at 50 days reached $125.58, while 200 days put it at $103.21. A total of 1.08 million shares were traded, compared to the trading of 1.36 million shares in the previous session.
Levels Of Support And Resistance For TRGP Stock
The 24-hour chart illustrates a support level at 131.72, which if violated will result in even more drops to 130.43. On the upside, there is a resistance level at 133.70. A further resistance level may holdings at 134.38. The Relative Strength Index (RSI) on the 14-day chart is 55.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.25%. Stochastics%K at 19.93% indicates the stock is a buying.
