Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $36.62 million following the completion of this transaction.
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 $5.35 million.
Earlier on March 02, 2023, Scotiabank initiated its rating. Their recommendation was “a Sector outperform” for TRGP stock.
Analyzing TRGP Stock Performance
During the last five days, there has been a surge of approximately 10.92%. Over the course of the year, Targa Resources Corp shares have jumped approximately 19.30%. Shares of the company reached a 52-week high of $212.98 on 01/16/25 and a 52-week low of $179.28 on 01/02/25. A 50-day SMA is recorded $190.48, while a 200-day SMA reached $148.46. Nevertheless, trading volume fell to 1.91 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 207.89, which, if violated, would cause prices to drop to 202.84. In the upper region, resistance lies at 215.49. The next price resistance is at 218.04. RSI (Relative Strength Index) is 78.43 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 16.80, which suggests the price will increase in the coming days. Percent R is at 0.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
