Targa Resources Corp’s filing revealed that its Officer Boushka Julie H. acquired Company’s shares for reported $0.48 million on Nov 15 ’24. In the deal valued at $190.34 per share,2,500 shares were bought.
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Then, Boushka Julie H. sold 3,260 shares, generating $621,809 in total proceeds. Upon selling the shares at $190.74, the Senior VP and CAO now owns 35,143 shares.
Before that, CRISP CHARLES R sold 6,000 shares. Targa Resources Corp shares valued at $1,144,080 were divested by the Director at a price of $190.68 per share. As a result of the transaction, CRISP CHARLES R now holds 82,471 shares, worth roughly $16.41 million.
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 1.51% to $199.00. Over the last five days, the stock has gained 2.07%. Targa Resources Corp shares have risen nearly 129.08% since the year began. Nevertheless, the stocks have risen 137.33% over the past one year. While a 52-week high of $197.14 was reached on 11/18/24, a 52-week low of $81.03 was recorded on 01/18/24. SMA at 50 days reached $164.61, while 200 days put it at $130.83.
Levels Of Support And Resistance For TRGP Stock
The 24-hour chart illustrates a support level at 196.74, which if violated will result in even more drops to 194.49. On the upside, there is a resistance level at 200.51. A further resistance level may holdings at 202.01. The Relative Strength Index (RSI) on the 14-day chart is 80.89, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.13%. Stochastics %K at 92.88% 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 2024-10-31, dropping by 14.0 shares to a total of 3.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.5 million shares.
