In a filing, Targa Resources Corp revealed its Director Perkins Joe Bob unloaded Company’s shares for reported $23.33 million on Sep 24 ’24. In the deal valued at $155.53 per share,150,000 shares were sold. As a result of this transaction, Perkins Joe Bob now holds 110,470 shares worth roughly $-18.41 million.
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Then, Muraro Robert sold 2,500 shares, generating $365,504 in total proceeds. Upon selling the shares at $146.20, the Chief Commercial Officer now owns 174,451 shares.
Before that, Davis Waters S IV sold 3,597 shares. Targa Resources Corp shares valued at $512,308 were divested by the Director at a price of $142.43 per share. As a result of the transaction, Davis Waters S IV now holds 5,878 shares, worth roughly $0.98 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 0.54% to $166.66. Over the last five days, the stock has gained 5.43%. Targa Resources Corp shares have risen nearly 91.85% since the year began. Nevertheless, the stocks have risen 94.88% over the past one year. While a 52-week high of $166.07 was reached on 10/14/24, a 52-week low of $81.03 was recorded on 01/18/24. SMA at 50 days reached $147.80, while 200 days put it at $119.51.
Levels Of Support And Resistance For TRGP Stock
The 24-hour chart illustrates a support level at 165.18, which if violated will result in even more drops to 163.69. On the upside, there is a resistance level at 167.97. A further resistance level may holdings at 169.27. The Relative Strength Index (RSI) on the 14-day chart is 74.64, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.81%. Stochastics %K at 95.88% 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 2024-09-30, growing by 0.24 million shares to a total of 3.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.25 million shares. There was a rise of 6.97%, which implies that there is a positive sentiment for the stock.
