Targa Resources Corp’s recent filing unveils that its Chief Commercial Officer Muraro Robert unloaded Company’s shares for reported $0.37 million on Sep 03 ’24. In the deal valued at $146.20 per share,2,500 shares were sold. As a result of this transaction, Muraro Robert now holds 174,451 shares worth roughly $27.13 million.
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Then, Davis Waters S IV sold 3,597 shares, generating $512,308 in total proceeds. Upon selling the shares at $142.43, the Director now owns 5,878 shares.
Before that, Perkins Joe Bob sold 21,000 shares. Targa Resources Corp shares valued at $2,921,331 were divested by the Director at a price of $139.11 per share. As a result of the transaction, Perkins Joe Bob now holds 7,622 shares, worth roughly $1.19 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 1.77% to $155.53. Over the last five days, the stock has gained 3.28%. Targa Resources Corp shares have risen nearly 79.04% since the year began. Nevertheless, the stocks have risen 87.23% over the past one year. While a 52-week high of $154.87 was reached on 09/23/24, a 52-week low of $77.97 was recorded on 01/18/24. SMA at 50 days reached $141.17, while 200 days put it at $114.24.
Levels Of Support And Resistance For TRGP Stock
The 24-hour chart illustrates a support level at 153.89, which if violated will result in even more drops to 152.26. On the upside, there is a resistance level at 156.47. A further resistance level may holdings at 157.42. The Relative Strength Index (RSI) on the 14-day chart is 72.35, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.83%. Stochastics %K at 87.10% indicates the stock is a selling.
How much short interest is there in Targa Resources Corp?
A steep rise in short interest was recorded in Targa Resources Corp stocks on 2024-08-30, dropping by 21144.0 shares to a total of 3.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.28 million shares. There was a decline of -0.65%, which implies that there is a negative sentiment for the stock.
