The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Energy Transfer LP shares valued at $313,600 were purchased by McIlwain Gregory G. on Aug 23 ’24. At $15.68 per share, McIlwain Gregory G. acquired 20,000 shares. The insider’s holdings grew to 591,211 shares worth approximately $9.39 million following the completion of this transaction.
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Also, Long Thomas E purchased 20,000 shares, netting a total of over 313,600 in proceeds. Following the buying of shares at $15.68 each, the insider now holds 4,308,859 shares.
Before that, WARREN KELCY L had added 3,000,000 shares to its account. In a trade valued at $47,040,000, the Director bought Energy Transfer LP shares for $15.68 each. Upon closing the transaction, the insider’s holdings increased to 3,000,000 shares, worth approximately $1.96 billion.
Analysts at Pickering Energy Partners started covering the stock with ‘”an Outperform”‘ outlook in a report released in early October. As of December 09, 2022, Citigroup has initiated its “Buy” rating for ET.
Analyzing ET Stock Performance
During the last five days, there has been a drop of approximately -0.87%. Over the course of the year, Energy Transfer LP shares have jumped approximately 15.07%. Shares of the company reached a 52-week high of $16.50 on 07/19/24 and a 52-week low of $13.60 on 01/18/24. A 50-day SMA is recorded $16.07, while a 200-day SMA reached $15.09. Nevertheless, trading volume fell to 10.78 million shares from 9.12 million shares the previous day.
Support And Resistance Levels for Energy Transfer LP (ET)
According to the 24-hour chart, there is a support level at 15.77, which, if violated, would cause prices to drop to 15.67. In the upper region, resistance lies at 15.95. The next price resistance is at 16.03. RSI (Relative Strength Index) is 47.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 50.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
