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Analyzing EQT Corp (EQT) After Recent Trading Activity

EQT Corp’s recently made public that its EVP, GC AND CORP SEC Jordan William E. unloaded Company’s shares for reported $1.43 million on May 29 ’24. In the deal valued at $40.72 per share,35,000 shares were sold. As a result of this transaction, Jordan William E. now holds 456,837 shares worth roughly $15.33 million.

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Then, Evancho Lesley sold 46,884 shares, generating $1,935,840 in total proceeds. Upon selling the shares at $41.29, the CHIEF HUMAN RESOURCES OFFICER now owns 160,884 shares.

A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “a Neutral”. Wells Fargo also remained covering EQT and has increased its forecast on August 14, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. JP Morgan revised its rating on July 23, 2024. It rated EQT as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of EQT

On Monday, EQT Corp [NYSE:EQT] saw its stock jump 1.08% to $33.55. Over the last five days, the stock has gained 5.14%. EQT Corp shares have fallen nearly -13.22% since the year began. Nevertheless, the stocks have fallen -21.23% over the past one year. While a 52-week high of $45.23 was reached on 05/20/24, a 52-week low of $30.02 was recorded on 08/05/24. SMA at 50 days reached $33.56, while 200 days put it at $36.62.

Levels Of Support And Resistance For EQT Stock

The 24-hour chart illustrates a support level at 33.16, which if violated will result in even more drops to 32.76. On the upside, there is a resistance level at 33.87. A further resistance level may holdings at 34.19. The Relative Strength Index (RSI) on the 14-day chart is 54.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.32%. Stochastics %K at 67.40% indicates the stock is a holding.

How much short interest is there in EQT Corp?

A steep rise in short interest was recorded in EQT Corp stocks on 2024-08-30, dropping by -0.26 million shares to a total of 20.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 20.74 million shares. There was a decline of -1.27%, which implies that there is a negative sentiment for the stock.

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