Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Targa Resources Corp shares valued at $1,905,214 were sold by Boushka Julie H. on Nov 15 ’24. At $190.52 per share, Boushka Julie H. sold 10,000 shares. The insider’s holdings dropped to 25,143 shares worth approximately $5.22 million following the completion of this transaction.
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Also, Boushka Julie H. purchased 2,500 shares, netting a total of over 475,856 in proceeds.
Before that, Boushka Julie H. had sold 3,260 shares from its account. In a trade valued at $621,809, the Senior VP and CAO traded Targa Resources Corp shares for $190.74 each. Upon closing the transaction, the insider’s holdings decreased to 3,260 shares, worth approximately $7.3 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 8.41%. Over the course of the year, Targa Resources Corp shares have jumped approximately 139.08%. Shares of the company reached a 52-week high of $208.15 on 11/21/24 and a 52-week low of $81.03 on 01/18/24. A 50-day SMA is recorded $168.18, while a 200-day SMA reached $132.61. Nevertheless, trading volume fell to 1.18 million shares from 1.37 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 204.31, which, if violated, would cause prices to drop to 200.92. In the upper region, resistance lies at 209.61. The next price resistance is at 211.53. RSI (Relative Strength Index) is 83.78 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.15, which suggests the price will increase in the coming days. Percent R is at 1.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
