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Recent Insider Activity Suggests Potential Gains for EQT Corp (EQT)

EQT Corp’s filing revealed that its Director KARAM THOMAS F unloaded Company’s shares for reported $1.35 million on Dec 03 ’24. In the deal valued at $44.83 per share,30,154 shares were sold. As a result of this transaction, KARAM THOMAS F now holds 201,608 shares worth roughly $8.91 million.

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Then, KARAM THOMAS F sold 15,768 shares, generating $708,772 in total proceeds. Upon selling the shares at $44.95, the Director now owns 0 shares.

Before that, Thomas F. Karam bought 35,000 shares. EQT Corp shares valued at $1,560,300 were divested by the Director at a price of $44.58 per share.

Mizuho upgraded its EQT Corp [EQT] rating to an Outperform from a a Neutral in a research note published on December 16, 2024; the price target was increased to $57 from $48. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in early December with a ‘”a Mkt perform”‘ rating.

Price Performance Review of EQT

On Tuesday, EQT Corp [NYSE:EQT] saw its stock fall -1.38% to $44.20. Over the last five days, the stock has gained 2.67%. EQT Corp shares have risen nearly 14.33% since the year began. Nevertheless, the stocks have risen 14.98% 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 $41.13, while 200 days put it at $37.60.

Levels Of Support And Resistance For EQT Stock

The 24-hour chart illustrates a support level at 43.84, which if violated will result in even more drops to 43.49. On the upside, there is a resistance level at 44.57. A further resistance level may holdings at 44.95. The Relative Strength Index (RSI) on the 14-day chart is 53.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.94%. Stochastics %K at 51.52% 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 2024-11-29, growing by 1.23 million shares to a total of 20.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 19.47 million shares. There was a rise of 5.93%, which implies that there is a positive sentiment for the stock.

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