Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Targa Resources Corp shares valued at $208,042 were sold by Cooksen Lindsey on Feb 28 ’25. At $198.14 per share, Cooksen Lindsey sold 1,050 shares. The insider’s holdings dropped to 11,075 shares worth approximately $2.07 million following the completion of this transaction.
Also, Chung Paul W sold 6,222 shares, netting a total of over 1,262,532 in proceeds. Following the sale of shares at $202.91 each, the insider now holds 35,920 shares.
Before that, PAUL W CHUNG had added 6,222 shares to its account. In a trade valued at $1,262,532, the Director bought Targa Resources Corp shares for $202.91 each.
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 drop of approximately -5.92%. Over the course of the year, Targa Resources Corp shares have jumped approximately 4.66%. Shares of the company reached a 52-week high of $218.51 on 01/22/25 and a 52-week low of $179.28 on 01/02/25. A 50-day SMA is recorded $196.99, while a 200-day SMA reached $162.58.
Support And Resistance Levels for Targa Resources Corp (TRGP)
According to the 24-hour chart, there is a support level at 183.55, which, if violated, would cause prices to drop to 180.29. In the upper region, resistance lies at 189.42. The next price resistance is at 192.03. RSI (Relative Strength Index) is 38.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.90, which suggests the price will decrease in the coming days. Percent R is at 86.50%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
