Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Targa Resources Corp shares valued at $505,736 were sold by Muraro Robert on Dec 02 ’24. At $202.29 per share, Muraro Robert sold 2,500 shares. The insider’s holdings dropped to 171,951 shares worth approximately $31.07 million following the completion of this transaction.
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Also, Muraro Robert purchased 2,500 shares, netting a total of over 510,750 in proceeds.
Before that, Boushka Julie H. had sold 10,000 shares from its account. In a trade valued at $1,905,214, the Senior VP and CAO traded Targa Resources Corp shares for $190.52 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $4.54 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 drop of approximately -0.28%. Over the course of the year, Targa Resources Corp shares have jumped approximately 108.03%. Shares of the company reached a 52-week high of $209.87 on 11/22/24 and a 52-week low of $81.03 on 01/18/24. A 50-day SMA is recorded $183.42, while a 200-day SMA reached $142.81. Nevertheless, trading volume fell to 0.68 million shares from 1.44 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 179.01, which, if violated, would cause prices to drop to 177.29. In the upper region, resistance lies at 181.80. The next price resistance is at 182.88. RSI (Relative Strength Index) is 44.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.69, which suggests the price will decrease in the coming days. Percent R is at 66.28%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
