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Energy Transfer LP [ET] Investment Guide: What You Need to Know

Energy Transfer LP’s recently made public that its EVP – Operations McIlwain Gregory G. acquired Company’s shares for reported $0.31 million on Aug 23 ’24. In the deal valued at $15.68 per share,20,000 shares were bought. As a result of this transaction, McIlwain Gregory G. now holds 591,211 shares worth roughly $10.22 million.

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Then, Long Thomas E bought 20,000 shares, generating $313,600 in total proceeds. Upon buying the shares at $15.68, the Co-CEO now owns 4,308,859 shares.

Before that, WARREN KELCY L bought 3,000,000 shares. Energy Transfer LP shares valued at $47,040,000 were divested by the Director at a price of $15.68 per share. As a result of the transaction, WARREN KELCY L now holds 123,385,650 shares, worth roughly $2.13 billion.

Pickering Energy Partners began covering ET with “an Outperform” recommendation on October 03, 2023. Citigroup started covering the stock on December 09, 2022. It rated ET as “a Buy”.

Price Performance Review of ET

On Friday, Energy Transfer LP [NYSE:ET] saw its stock jump 0.82% to $17.29. Over the last five days, the stock has lost -0.06%. Energy Transfer LP shares have risen nearly 25.29% since the year began. Nevertheless, the stocks have risen 29.42% over the past one year. While a 52-week high of $17.71 was reached on 11/07/24, a 52-week low of $13.11 was recorded on 01/18/24. SMA at 50 days reached $16.42, while 200 days put it at $15.82.

Levels Of Support And Resistance For ET Stock

The 24-hour chart illustrates a support level at 17.14, which if violated will result in even more drops to 16.98. On the upside, there is a resistance level at 17.38. A further resistance level may holdings at 17.46. The Relative Strength Index (RSI) on the 14-day chart is 68.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.22%. Stochastics %K at 62.66% indicates the stock is a holding.

How much short interest is there in Energy Transfer LP?

A steep rise in short interest was recorded in Energy Transfer LP stocks on 2024-10-31, dropping by -0.47 million shares to a total of 24.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 24.77 million shares. There was a decline of -1.94%, which implies that there is a negative sentiment for the stock.

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