Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Targa Resources Corp shares valued at $621,809 were sold by Boushka Julie H. on Nov 08 ’24. At $190.74 per share, Boushka Julie H. sold 3,260 shares. The insider’s holdings dropped to 35,143 shares worth approximately $6.73 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, CRISP CHARLES R sold 6,000 shares, netting a total of over 1,144,080 in proceeds. Following the sale of shares at $190.68 each, the insider now holds 82,471 shares.
Before that, Chung Paul W had sold 18,037 shares from its account. In a trade valued at $3,427,616, the Director traded Targa Resources Corp shares for $190.03 each. Upon closing the transaction, the insider’s holdings decreased to 18,037 shares, worth approximately $7.81 million.
As of March 02, 2023, Scotiabank has initiated its “Sector outperform” rating for TRGP. Earlier on December 09, 2022, Citigroup initiated its rating. Their recommendation was “a Buy” for TRGP stock.
Analyzing TRGP Stock Performance
During the last five days, there has been a surge of approximately 2.01%. Over the course of the year, Targa Resources Corp shares have jumped approximately 120.52%. Shares of the company reached a 52-week high of $197.14 on 11/12/24 and a 52-week low of $81.03 on 01/18/24. A 50-day SMA is recorded $162.52, while a 200-day SMA reached $129.72. Nevertheless, trading volume fell to 1.44 million shares from 1.12 million shares the previous day.
Support And Resistance Levels for Targa Resources Corp (TRGP)
According to the 24-hour chart, there is a support level at 189.26, which, if violated, would cause prices to drop to 186.94. In the upper region, resistance lies at 193.17. The next price resistance is at 194.77. RSI (Relative Strength Index) is 76.35 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 13.35, which suggests the price will increase in the coming days. Percent R is at 16.01%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
