The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Enterprise Products Partners L P shares valued at $122,681 were purchased by TEAGUE AJ on Aug 27 ’24. At $29.35 per share, TEAGUE AJ acquired 4,180 shares. The insider’s holdings grew to 74,911 shares worth approximately $2.31 million following the completion of this transaction.
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Also, TEAGUE AJ purchased 2,410 shares, netting a total of over 63,076 in proceeds. Following the buying of shares at $26.17 each, the insider now holds 6,060 shares.
As of October 03, 2023, Pickering Energy Partners has initiated its “an Outperform” rating for EPD. Earlier on March 02, 2023, Scotiabank initiated its rating. Their recommendation was “a Sector outperform” for EPD stock.
Analyzing EPD Stock Performance
During the last five days, there has been a surge of approximately 1.85%. Over the course of the year, Enterprise Products Partners L P shares have jumped approximately 16.93%. Shares of the company reached a 52-week high of $30.98 on 11/14/24 and a 52-week low of $26.12 on 02/07/24. A 50-day SMA is recorded $29.40, while a 200-day SMA reached $28.79. Nevertheless, trading volume fell to 5.17 million shares from 2.55 million shares the previous day.
Support And Resistance Levels for Enterprise Products Partners L P (EPD)
According to the 24-hour chart, there is a support level at 30.48, which, if violated, would cause prices to drop to 30.15. In the upper region, resistance lies at 31.06. The next price resistance is at 31.30. RSI (Relative Strength Index) is 72.10 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.81, which suggests the price will decrease in the coming days. Percent R is at 7.04%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
