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An Analysis of EQT Corp (EQT)’s Potential Price Growth

EQT Corp’s filing revealed that its EVP, GC AND CORP SEC Jordan William E. unloaded Company’s shares for reported $1.43 million on May 29 ’24. In the deal valued at $40.72 per share,35,000 shares were sold. As a result of this transaction, Jordan William E. now holds 456,837 shares worth roughly $21.01 million.

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Then, Evancho Lesley sold 46,884 shares, generating $1,935,840 in total proceeds. Upon selling the shares at $41.29, the CHIEF HUMAN RESOURCES OFFICER now owns 160,884 shares.

A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “a Buy”. Piper Sandler revised its rating on August 15, 2024. It rated EQT as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of EQT

On Monday, EQT Corp [NYSE:EQT] saw its stock jump 0.15% to $45.99. Over the last five days, the stock has gained 3.86%. EQT Corp shares have risen nearly 18.96% since the year began. Nevertheless, the stocks have risen 12.58% over the past one year. While a 52-week high of $48.02 was reached on 11/21/24, a 52-week low of $30.02 was recorded on 08/05/24. SMA at 50 days reached $38.45, while 200 days put it at $36.94.

Levels Of Support And Resistance For EQT Stock

The 24-hour chart illustrates a support level at 45.29, which if violated will result in even more drops to 44.58. On the upside, there is a resistance level at 47.31. A further resistance level may holdings at 48.62. The Relative Strength Index (RSI) on the 14-day chart is 71.41, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.85%. Stochastics %K at 83.46% indicates the stock is a selling.

How much short interest is there in EQT Corp?

A steep rise in short interest was recorded in EQT Corp stocks on 2024-10-31, dropping by -2.13 million shares to a total of 19.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 21.6 million shares. There was a decline of -10.94%, which implies that there is a negative sentiment for the stock.

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