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. Energy Transfer LP shares valued at $313,600 were purchased by McIlwain Gregory G. on Aug 23 ’24. At $15.68 per share, McIlwain Gregory G. acquired 20,000 shares. The insider’s holdings grew to 591,211 shares worth approximately $10.81 million following the completion of this transaction.
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Also, Long Thomas E purchased 20,000 shares, netting a total of over 313,600 in proceeds. Following the buying of shares at $15.68 each, the insider now holds 4,308,859 shares.
Before that, WARREN KELCY L had added 3,000,000 shares to its account. In a trade valued at $47,040,000, the Director bought Energy Transfer LP shares for $15.68 each. Upon closing the transaction, the insider’s holdings increased to 3,000,000 shares, worth approximately $2.26 billion.
As of October 03, 2023, Pickering Energy Partners has initiated its “an Outperform” rating for ET. Earlier on December 09, 2022, Citigroup initiated its rating. Their recommendation was “a Buy” for ET stock.
Analyzing ET Stock Performance
During the last five days, there has been a surge of approximately 6.90%. Over the course of the year, Energy Transfer LP shares have jumped approximately 32.46%. Shares of the company reached a 52-week high of $18.37 on 11/20/24 and a 52-week low of $13.60 on 01/18/24. A 50-day SMA is recorded $16.55, while a 200-day SMA reached $15.87. Nevertheless, trading volume fell to 28.39 million shares from 22.24 million shares the previous day.
Support And Resistance Levels for Energy Transfer LP (ET)
According to the 24-hour chart, there is a support level at 18.08, which, if violated, would cause prices to drop to 17.88. In the upper region, resistance lies at 18.43. The next price resistance is at 18.57. RSI (Relative Strength Index) is 82.30 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.68, which suggests the price will decrease in the coming days. Percent R is at 4.57%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
