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Understanding the Risks of Investing in EQT Corp (EQT)

EQT Corp’s filing revealed that its Director Thomas F. Karam acquired Company’s shares for reported $1.56 million on Dec 03 ’24. In the deal valued at $44.58 per share,35,000 shares were bought.

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Then, Thomas F. Karam bought 8,760 shares, generating $398,054 in total proceeds.

Before that, Thomas F. Karam bought 7,008 shares. EQT Corp shares valued at $318,444 were divested by the Director at a price of $45.44 per share.

Citigroup also remained covering EQT and has increased its forecast on October 03, 2024 with a “Buy” recommendation from previously “Neutral” rating.

Price Performance Review of EQT

On Tuesday, EQT Corp [NYSE:EQT] saw its stock jump 0.63% to $44.81. Over the last five days, the stock has lost -2.57%. EQT Corp shares have risen nearly 15.91% since the year began. Nevertheless, the stocks have risen 11.36% 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 $39.52, while 200 days put it at $37.21.

Levels Of Support And Resistance For EQT Stock

The 24-hour chart illustrates a support level at 44.41, which if violated will result in even more drops to 44.00. On the upside, there is a resistance level at 45.16. A further resistance level may holdings at 45.50. The Relative Strength Index (RSI) on the 14-day chart is 62.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.91%. Stochastics %K at 46.28% indicates the stock is a holding.

How much short interest is there in EQT Corp?

A steep rise in short interest was recorded in EQT Corp stocks on 2024-11-15, growing by 3.05 million shares to a total of 22.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 19.49 million shares. There was a rise of 13.54%, which implies that there is a positive sentiment for the stock.

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