Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. EQT Corp shares valued at $1,425,200 were sold by Jordan William E. on May 29 ’24. At $40.72 per share, Jordan William E. sold 35,000 shares. The insider’s holdings dropped to 456,837 shares worth approximately $17.62 million following the completion of this transaction.
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Also, Evancho Lesley sold 46,884 shares, netting a total of over 1,935,840 in proceeds. Following the sale of shares at $41.29 each, the insider now holds 160,884 shares.
Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early October. Earlier on August 15, 2024, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for EQT stock which previously was a “an Overweight”.
Analyzing EQT Stock Performance
During the last five days, there has been a surge of approximately 6.58%. Over the course of the year, EQT Corp shares have dropped approximately -0.23%. Shares of the company reached a 52-week high of $42.44 on 05/20/24 and a 52-week low of $30.02 on 08/05/24. A 50-day SMA is recorded $35.12, while a 200-day SMA reached $36.31. Nevertheless, trading volume fell to 9.98 million shares from 7.25 million shares the previous day.
Support And Resistance Levels for EQT Corp (EQT)
According to the 24-hour chart, there is a support level at 37.50, which, if violated, would cause prices to drop to 36.44. In the upper region, resistance lies at 39.23. The next price resistance is at 39.90. RSI (Relative Strength Index) is 67.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.83, which suggests the price will decrease in the coming days. Percent R is at 8.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.