Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Oneok Inc shares valued at $382,660 were purchased by McKenzie Mark A on Dec 23 ’24. At $100.70 per share, McKenzie Mark A acquired 3,800 shares.
Also, King Tim T. purchased 507 shares, netting a total of over 54,913 in proceeds.
Before that, MOORE PATTYE L had sold 3,379 shares from its account. In a trade valued at $310,902, the Director traded Oneok Inc shares for $92.01 each. Upon closing the transaction, the insider’s holdings decreased to 3,379 shares, worth approximately $0.0.
As published in their initiating research note from Scotiabank on January 10, 2025, Oneok Inc [OKE] has been a Sector outperform and the price target has been revised to $109. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid December. Earlier on September 16, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for OKE stock which previously was a “an Equal-weight”.
Analyzing OKE Stock Performance
During the last five days, there has been a surge of approximately 0.25%. Over the course of the year, Oneok Inc shares have jumped approximately 5.88%. Shares of the company reached a 52-week high of $111.02 on 01/21/25 and a 52-week low of $100.82 on 01/02/25. A 50-day SMA is recorded $106.37, while a 200-day SMA reached $90.96. Nevertheless, trading volume fell to 3.19 million shares from 3.29 million shares the previous day.
Support And Resistance Levels for Oneok Inc (OKE)
According to the 24-hour chart, there is a support level at 104.65, which, if violated, would cause prices to drop to 102.99. In the upper region, resistance lies at 109.29. The next price resistance is at 112.27. RSI (Relative Strength Index) is 54.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.83, which suggests the price will increase in the coming days. Percent R is at 42.99%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
