Energy Transfer LP’s recent filing unveils that its Co-CEO Long Thomas E acquired Company’s shares for reported $0.31 million on Aug 12 ’24. In the deal valued at $15.68 per share,20,000 shares were bought. As a result of this transaction, Long Thomas E now holds 4,308,859 shares worth roughly $69.59 million.
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Then, WARREN KELCY L bought 3,000,000 shares, generating $47,040,000 in total proceeds. Upon buying the shares at $15.68, the Director now owns 123,385,650 shares.
Before that, MCCREA MARSHALL S III bought 50,000 shares. Energy Transfer LP shares valued at $659,500 were divested by the Co-CEO at a price of $13.19 per share. As a result of the transaction, MCCREA MARSHALL S III now holds 7,272,754 shares, worth roughly $117.45 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. Citigroup began covering ET with “Buy” recommendation on December 09, 2022.
Price Performance Review of ET
On Friday, Energy Transfer LP [NYSE:ET] saw its stock jump 1.25% to $16.15. Over the last five days, the stock has lost -0.92%. Energy Transfer LP shares have risen nearly 17.03% since the year began. Nevertheless, the stocks have risen 24.61% over the past one year. While a 52-week high of $16.50 was reached on 07/19/24, a 52-week low of $12.89 was recorded on 01/18/24. SMA at 50 days reached $16.03, while 200 days put it at $15.05.
Levels Of Support And Resistance For ET Stock
The 24-hour chart illustrates a support level at 16.03, which if violated will result in even more drops to 15.90. On the upside, there is a resistance level at 16.25. A further resistance level may holdings at 16.34. The Relative Strength Index (RSI) on the 14-day chart is 52.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.19%. Stochastics%K at 70.62% indicates the stock is a holding.
How much short interest is there in Energy Transfer LP?
A steep rise in short interest was recorded in Energy Transfer LP stocks on 2024-07-31, dropping by -0.59 million shares to a total of 34.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 35.46 million shares. There was a decline of -1.7%, which implies that there is a negative sentiment for the stock.
