Energy Transfer LP’s recently made public that its EVP – Operations McIlwain Gregory G. acquired Company’s shares for reported $0.31 million on Aug 23 ’24. In the deal valued at $15.68 per share,20,000 shares were bought. As a result of this transaction, McIlwain Gregory G. now holds 591,211 shares worth roughly $9.52 million.
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Then, Long Thomas E bought 20,000 shares, generating $313,600 in total proceeds. Upon buying the shares at $15.68, the Co-CEO now owns 4,308,859 shares.
Before that, WARREN KELCY L bought 3,000,000 shares. Energy Transfer LP shares valued at $47,040,000 were divested by the Director at a price of $15.68 per share. As a result of the transaction, WARREN KELCY L now holds 123,385,650 shares, worth roughly $1.99 billion.
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 0.88% to $16.10. Over the last five days, the stock has lost -0.31%. Energy Transfer LP shares have risen nearly 16.67% since the year began. Nevertheless, the stocks have risen 18.82% over the past one year. While a 52-week high of $16.50 was reached on 07/19/24, a 52-week low of $12.90 was recorded on 01/18/24. SMA at 50 days reached $16.09, while 200 days put it at $15.12.
Levels Of Support And Resistance For ET Stock
The 24-hour chart illustrates a support level at 15.95, which if violated will result in even more drops to 15.81. On the upside, there is a resistance level at 16.18. A further resistance level may holdings at 16.27. The Relative Strength Index (RSI) on the 14-day chart is 52.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.58%. Stochastics %K at 57.89% 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 2024-08-15, dropping by -4.4 million shares to a total of 31.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 36.19 million shares. There was a decline of -13.85%, which implies that there is a negative sentiment for the stock.
