Targa Resources Corp’s filing revealed that its Officer CHARLES CRISP acquired Company’s shares for reported $1.14 million on Nov 08 ’24. In the deal valued at $190.68 per share,6,000 shares were bought.
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Then, Pryor D. Scott bought 30,000 shares, generating $5,709,597 in total proceeds.
Before that, PAUL W CHUNG bought 18,037 shares. Targa Resources Corp shares valued at $3,427,435 were divested by the Director at a price of $190.02 per share.
Scotiabank began covering TRGP with “Sector outperform” recommendation on March 02, 2023. Citigroup started covering the stock on December 09, 2022. It rated TRGP as “a Buy”.
Price Performance Review of TRGP
On Monday, Targa Resources Corp [NYSE:TRGP] saw its stock jump 1.39% to $194.96. Over the last five days, the stock has gained 15.22%. Targa Resources Corp shares have risen nearly 124.43% since the year began. Nevertheless, the stocks have risen 132.95% over the past one year. While a 52-week high of $192.63 was reached on 11/11/24, a 52-week low of $81.03 was recorded on 01/18/24. SMA at 50 days reached $159.88, while 200 days put it at $128.12.
Levels Of Support And Resistance For TRGP Stock
The 24-hour chart illustrates a support level at 192.77, which if violated will result in even more drops to 190.59. On the upside, there is a resistance level at 196.87. A further resistance level may holdings at 198.79. The Relative Strength Index (RSI) on the 14-day chart is 84.11, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 17.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.79%. Stochastics %K at 95.90% 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 2024-10-15, growing by 66499.0 shares to a total of 3.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.32 million shares. There was a rise of 1.96%, which implies that there is a positive sentiment for the stock.
