In a filing, Targa Resources Corp revealed its Chief Commercial Officer Muraro Robert unloaded Company’s shares for reported $0.51 million on Dec 02 ’24. In the deal valued at $202.29 per share,2,500 shares were sold. As a result of this transaction, Muraro Robert now holds 171,951 shares worth roughly $31.54 million.
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Then, Muraro Robert bought 2,500 shares, generating $510,750 in total proceeds.
Before that, Boushka Julie H. sold 10,000 shares. Targa Resources Corp shares valued at $1,905,214 were divested by the Senior VP and CAO at a price of $190.52 per share. As a result of the transaction, Boushka Julie H. now holds 25,143 shares, worth roughly $4.61 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 fall -0.66% to $183.40. Over the last five days, the stock has lost -1.89%. Targa Resources Corp shares have risen nearly 111.12% since the year began. Nevertheless, the stocks have risen 112.56% over the past one year. While a 52-week high of $209.87 was reached on 11/22/24, a 52-week low of $81.03 was recorded on 01/18/24. SMA at 50 days reached $181.68, while 200 days put it at $140.61.
Levels Of Support And Resistance For TRGP Stock
The 24-hour chart illustrates a support level at 181.78, which if violated will result in even more drops to 180.15. On the upside, there is a resistance level at 185.08. A further resistance level may holdings at 186.75. The Relative Strength Index (RSI) on the 14-day chart is 41.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.36%. Stochastics %K at 5.66% indicates the stock is a buying.
How much short interest is there in Targa Resources Corp?
A steep rise in short interest was recorded in Targa Resources Corp stocks on 2024-11-29, growing by 11799.0 shares to a total of 3.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.5 million shares. There was a rise of 0.34%, which implies that there is a positive sentiment for the stock.
